Stemmer Imaging
Logotype for Stemmer Imaging AG

Stemmer Imaging (S9I) investor relations material

Stemmer Imaging has been acquired

Stemmer Imaging Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Stemmer Imaging AG
Q2 2024 earnings summary13 Aug, 2024

Executive summary

  • Q1 2024 revenue declined due to weak demand across all end markets, but bookings rebounded after a downturn in 2H 2023, with positive signals in medical, logistics, recycling, and sports entertainment sectors.

  • Strategic focus on expanding the opportunity pipeline, customer wins, and efficiency improvements led to structural cost reductions.

  • Gross margin increased, and EBITDA margin recovered to 15%, with cash generation of €9.4M and working capital below 15%.

  • H1 2024 revenue was €58.3m, down 25.6% year-over-year, but order intake improved sequentially, reaching €35.2m in Q2 2024.

  • Book-to-bill ratio of 1.2 in H1 2024 signals a positive revenue trend for coming quarters.

Financial highlights

  • Q1 2024 order intake was €33.1M (down 8.3% YoY), revenues €27.5M (down 31.9% YoY), and gross profit €11.0M (down 30.6% YoY).

  • H1 2024 revenue: €58.3m (H1 2023: €78.4m); Q2 2024 revenue: €30.8m (Q2 2023: €38.0m).

  • EBITDA: €9.1m (H1 2023: €14.2m); EBIT: €7.2m (H1 2023: €12.2m); net income: €5.1m (H1 2023: €8.8m).

  • Operating cash flow after taxes: €15.5m (H1 2023: €8.3m), supported by working capital reduction.

  • Dividend of €2.70 per share paid in May 2024, totaling €17.55m.

Outlook and guidance

  • 2024 revenue guidance maintained at €140–157m; EBITDA forecast at €24–31m, excluding special charges from MiddleGround Capital transaction.

  • Full-year guidance reaffirmed, with expectations of a strong catch-up effect in the second half of 2024.

  • Recovery in demand and deliveries forecasted for Q3 and Q4 2024, with full potential expected to develop in 2025.

  • Forecast assumes continued demand, order backlog processing, and economic improvement by late Q3.

  • Uncertainty remains regarding international capital market distortions and their impact on recovery.

How will EBITDA margin return to guidance range?
Phase 1: Accelerate Sony Vision Sensor business
Innovation mass rollout delay impact on 2024
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.
Latest events from Stemmer Imaging
    Stemmer Imaging
    Your earnings 
season toolkit.
    Download
    Free on both iOS & Android.

    The essential earnings season companion

    The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

    Live calls and transcripts

    Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

    Find what you need faster

    Search for any keyword across all transcripts simultaneously.

    Easily store key findings

    Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

    Your watchlist. Your dashboard.

    Follow the companies that matter to you. Get a personalized feed with real-time updates.

    Be the first to know

    Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

    Consensus estimates

    Access analyst consensus estimates, valuation multiples, and revenue segments splits.

    All IR material in one place

    The easiest way to stay updated during earnings season.

    Global coverage

    All events from public companies. Live and recorded.

    Just click and listen

    No webcast links. No manual registrations.

    Research anytime, anywhere

    Built for professionals. Loved by everyone. Try our free mobile app.

    excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
    App-store-avatar.png play-store-avatar.png
    Leroy DaleyApp Store
    One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
    play-store-avatar
    Eferix Drawings Google Play
    This is genuinely one of the cleanest and fastest finance apps out there to track the market.
    App-store-avatar.png play-store-avatar.png
    anuj283App Store
    excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
    App-store-avatar.png play-store-avatar.png
    Leroy DaleyApp Store
    One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
    play-store-avatar
    Eferix Drawings Google Play
    This is genuinely one of the cleanest and fastest finance apps out there to track the market.
    App-store-avatar.png play-store-avatar.png
    anuj283App Store
    I can't remember the last time an app had such a positive impact on my investment process.
    x-avatar
    @ankurshah47_ x.com
    Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
    App-store-avatar.png play-store-avatar.png
    Amina0781App Store
    Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
    x-avatar
    @theshortbearx.com
    I can't remember the last time an app had such a positive impact on my investment process.
    x-avatar
    @ankurshah47_ x.com
    Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
    App-store-avatar.png play-store-avatar.png
    Amina0781App Store
    Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
    x-avatar
    @theshortbearx.com

    Frequently asked questions

    Explore our global coverage