)
Stemmer Imaging (S9I) investor relations material
Stemmer Imaging Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue declined significantly in Q1 and H1 2024 due to weak demand across all end markets, with no single root cause, but order intake improved sequentially and bookings rebounded after a downturn in 2H 2023.
Gross margin remained strong, with resilience in medical, logistics, recycling, sports, and entertainment sectors, and strong design-in wins supporting future projections.
Strategic focus on value-added solutions, efficiency improvements, and cost reductions led to structural savings and maintained gross margin resilience.
Acquisition of Phase 1 Technology Corp. in the U.S. completed in May 2024, strengthening North American presence and supplier relationships.
Entered investment agreement with MiddleGround Capital in July 2024, with a voluntary public takeover offer at €48.00 per share announced.
Financial highlights
Q1 2024 revenue was €27.5m (down from €40.4m in Q1 2023); H1 2024 revenue was €58.3m (H1 2023: €78.4m); Q2 2024 revenue was €30.8m (Q2 2023: €38.0m).
Order intake reached €33.1m in Q1 2024 and €35.2m in Q2 2024; book-to-bill ratio was 1.2 in H1 2024.
Gross margin improved to 39.9% in Q1 2024 (Q1 2023: 39.1%) and 40.0% in H1 2024 (H1 2023: 39.6%).
EBITDA was €4.1m in Q1 2024 (14.9% margin), €9.1m in H1 2024 (15.6% margin), both below prior year levels.
Operating cash flow was strong at €9.4m in Q1 2024 and €15.5m in H1 2024, with net cash position at €44.7m and cash and cash equivalents at €30.3m as of 30 June 2024.
Outlook and guidance
Full-year 2024 revenue guidance maintained at €140–157m, with EBITDA forecast at €24–31m, excluding special charges from the MiddleGround Capital transaction.
Guidance assumes continued demand, order backlog processing, and economic improvement by late Q3, with a catch-up effect expected in the second half of 2024.
Anticipates stepwise recovery in demand and billings, with full potential development expected in 2025; upside from North American expansion not included in current prognosis.
Uncertainty remains regarding international capital market distortions and their impact on recovery.
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.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)