Stemmer Imaging UK has reported an order intake increase of nearly 17 per cent for the financial year ending 30 June 2010.

Under difficult economic circumstances the UK performance made a significant contribution to the German-headquartered group's figures. The Stemmer group is the largest supplier of machine vision components in Europe with overall sales of 35.7 million euros, and has subsidiaries in France and Switzerland, as well as the UK.

Sales and marketing director, Mark Williamson, said: "The results in the UK were excellent, especially given the depth of the economic crisis and the uncertainty around the election of a new government. Not only did we see a major increase in orders, but our Dun & Bradstreet rating also improved with an A rating for financial strength. This improved financial position gives our customers even greater confidence to purchase from us, safe in the knowledge that we will be around to provide the outstanding engineering and technical support for which we have built an enviable reputation".

The financial strength of the company is further reflected in Germany, where the German operation is among the top two per cent financially secure companies. "With no bank debts, we are in an envious position", continued Mr Williamson. "Where many companies may still be finding it difficult to get funding Imaging has not needed to look for any external investment, thanks to excellent organic growth".

Tags:

Original Hyperlink: http://www.machinery.co.uk/article/27626/Excellent-end-of-year-figures-for-Stemm..

For more information from this magazine/website? Please click here http://www.machinery.co.uk

About Us:Machinery is a feature-led monthly magazine read by production engineers, production managers, production directors and managing directors in OEMS and sub-contractors engaged in metalcutting/metalforming. Machinery covers manufacturing technology developments and applications in key areas, including: machine tools; tooling; workholding; CADCAM; and inspection/quality. It also gives coverage to the developments and initiatives of manufacturing OEMs and sub-contractors, plus those of manufacturing technology suppliers.

Note: The copyright and the ownship of the brand, product names, product numbers, and content mentioned belongs to their repective companies.