Vision companies post healthy financial figures

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Stemmer Imaging and Basler have both recorded growth in turnover, an indication that the machine vision industry remains healthy.

Stemmer Imaging generated a turnover of €63.4 million in the fiscal year 2013/14, representing 10 per cent growth, while Basler posted €39.0 million for the first half of 2014, up 21 per cent on the same period last year. Basler expects sales of €73 to €76 million for 2014 at a pre-tax return margin of 12 to 14 per cent.

The results reinforce the strength of the industry at the present time, with the VDMA Machine Vision expecting the European machine vision market to grow by 12 per cent in 2014.

Cognex also recorded 26 per cent growth in Q2 2014 compared to the same period in 2013, and 20 per cent growth compared to the first quarter of 2014. The largest contributor in absolute dollars came from the factory automation market, which set a new quarterly revenue record.

Cognex’s revenue for the first half of 2014 was $167 million, an increase of 19 per cent compare to the first half of 2013. The company noted that its European operations were strong, that surface inspection set a new revenue record, helped by the recognition of previously deferred revenue, and that revenue from the semiconductor and electronics capital equipment market increased both year-on-year and sequentially.

For its fiscal year 2013/14, Stemmer Imaging’s headquarters in Germany topped its previous year’s result by 10.2 per cent, reaching €39.2 million. The head offices in Great Britain and the Benelux organisation contributed considerably to the total turnover with a strong sales growth of 15.0 and 16.6 per cent respectively. Sales from the company Parameter, acquired by Stemmer Imaging on 1 January 2014, with its subsidiaries in Sweden, Denmark, Finland and Poland, are not included in the figures.

Flir Systems, however, posted a decrease of five per cent in its Q2 revenue compared to the same period last year, hit largely by a decrease of 28 per cent in its surveillance segment. However, its emerging markets segment increased 21 per cent compared to the prior year. The company released a thermal imaging smartphone accessory at the beginning of the year.

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