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Stemmer Imaging AG has published its final figures for the 2018-2019 fiscal year, which show revenue grew 8.3% to €109 million, up from €100.6 million the prior year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted for nonrecurring costs including the transition to International Financial Reporting Standards, the switch to the Prime Standard of the Frankfurt Stock Exchange in May 2019, and costs in connection with acquisition amounted to €10 million, compared with €10.6 million the previous year.
The company attributes the growth in revenue to regional diversification and growth into new markets such as sports and entertainment and medical. Incoming orders rose by 5.6% from…READ MORE