Basler AG: Preliminary figures for Q3-2010 - Management Board increases guidance

(PresseBox) (Ahrensburg, ) .
- Preliminary sales Q3-2010: €15.8 mill. (Q3-2009: €8.4 mill., +88 %)
- Preliminary pre-tax earnings (EBT) Q3-2010: €1.8 mill. (Q2-2009: €-0.6 mill., + €2.4 mill.)
- 2010 sales forecast now €46 - 48 mill. (was €43 - 45 mill.)
- 2010 EBT forecast now >€4.1 mill. (was >€3.5 mill.)

The third quarter of 2010 went better than expected for Basler AG. According to preliminary figures, sales and pre-tax earnings were significantly above previous year's levels and beyond management board's expectations.

Group sales for Q3-2010 increased to €15.8 mill., exceeding previous year's level of €8.4 mill. by 88 %. Earnings before taxes (EBT) for the group were €1.8 mill., up €2.4 mill. against the previous year's value of €-0.6 mill.. The EBT-margin for the third quarter was 11,4%.

Assuming continued market development we once again increase our guidance for the fiscal year 2010. We expect group sales to grow to a level between €46 mill. and €48 mill. (prev. guidance: €43 - 45 mill.; 2009 sales: €33.7 mill.) at an EBT of no less than €4.1 mill. (prev. guidance: > €3.5 mill.; 2009 EBT: €-8.0 mill.).

The financial report for the 3rd quarter 2010 will be published on November 20th 2010.

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