STEMMER IMAGING: Positive Developments and Strategic Partnership in H1 2024

STEMMER IMAGING AG has reported a positive trend in order intake and revenue for the second quarter of 2024. Order intake reached EUR 35.2 million, showing an upward trend for the second consecutive quarter. Revenue for Q2 stood at EUR 30.8 million, a 12.1% increase compared to the previous quarter. Despite a challenging market, the gross margin improved slightly to 40.0%.

The company's EBITDA margin declined to 15.6%, with an absolute EBITDA of EUR 9.1 million, reflecting acquisition costs. Operating cash flow saw significant improvement, reaching EUR 15.5 million, up by 86.7% from the same period last year. STEMMER IMAGING also finalized an investment agreement with MiddleGround Capital, which is expected to boost long-term growth.

The company's executive board remains optimistic, maintaining its revenue forecast for 2024 between EUR 140 to EUR 157 million and EBITDA expectations between EUR 24 to EUR 31 million. MiddleGround Capital has announced plans to make a voluntary public takeover offer for all outstanding shares.