Basler AG reports business figures for the first nine months of 2012
Camera business sets new benchmarks for incoming orders, sales, and result
- Group results first nine months of 2012:
Incoming orders: € 44.5 million (previous year: € 42.4 million, +5 %)
Sales: € 41.8 million (previous year: € 41.4 million, +1 %)
EBIT: € 5.0 million (previous year: € 5.8 million, -14 %)
Pre-tax earnings: € 4.2 million (previous year: € 4.8 million, -13 %)
Operating cash flow: € 8.4 million (previous year: € 9.2 million, -9 %)
- Group results Q3/2012:
Incoming orders: € 15.7 million (previous year: € 12.2 million,+29 %)
Sales: € 16.6 million (previous year: € 13.2 million, +26 %)
EBIT: € 2.4 million (previous year: € 1.9 million, +26 %)
Pre-tax earnings: € 2.0 million (previous year: € 1.5 million, +33 %)
Operating cash flow: € 5.1 million (previous year: € 4.7 million, +9 %)
- Annual forecast raised for the year 2012:
Group's turnover at € 54 - 56 million, (previous forecast: € 52 - 54 million; previous year: € 55.1 million), pre-tax return at 9 - 10 % (previous forecast: 8 - 9 %; previous year: 10.2 %)
BASLER AG, one of the global leading companies in vision technology, is presenting today the final figures for the first nine months of 2012.
The most important outcome of the reporting period are new record figures in incoming orders, sales, and result in the core business with digital cameras.
"In fiscal year 2012, Basler AG is performing better than expected. Negative effects due to the uncertain economic situation that we expected for our camera business were either minimal or compensated by gains in market share. Therefore, we increased again our sales and profit forecast" comments Dr. Dietmar Ley, CEO, on the positive development.
Incoming orders for the group amounted to € 44.5 million in the first nine months (previous year: € 42.4 million, +5 %). In the third quarter, the new orders increased by nearly one third to € 15.7 million (previous year: € 12.2 million; +29 %).
The sales revenues for the group amounted to € 41.8 million in the first nine months and thus reached the previous year's level of € 41.4 million (+1 %). Sales considerably increased from € 13.2 million to € 16.6 million in the third quarter (+26 %).
In the first nine months as well as in the third quarter, the group's gross profit and the group's gross margin developed better than in the previous year. The gross margin increased by 3 percentage points to 45.7 % in the first nine months (previous year: 43.2 %). In the third quarter, the gross margin increased from 43.2 % in the previous year to 46.4 % (+3 percentage points).
In the first nine months of 2012, Basler AG achieved earnings before taxes (EBT) for the group of € 4.2 million. Compared to the earnings before taxes of € 4.8 million achieved in the same period of the previous year, increased operating costs and higher depreciations had a dampening effect. The pre-tax return amounted to 10 % (previous year: 11.6 %) and was above the corridor of 8 % to 9 %, predicted for fiscal year 2012. In the third quarter, earnings before taxes (EBT) for the group increased by 33 % from € 1.5 million in the previous year to € 2.0 million. The pre-tax return increased from 11.4 % in the third quarter of 2011 to 12.0%.
Due to these results being above plan in the first nine months and a solid 4th quarter outlook, on October 22, 2012, the company raised again the forecast for sales and earnings for 2012. Basler AG henceforth expects sales revenues within a corridor of € 54 - 56 million (previously € 52 - 54 million) and a pre-tax (EBT) margin of 9 - 10 % (previously 8 - 9 %).
The complete nine-month report for 2012 can be accessed on the company's web site (www.baslerweb.com).
Basler is a leading developer and manufacturer of high grade digital cameras for applications in industry, video surveillance, medicine, and traffic. Product development is driven by industry requirements. The cameras provide easy integration, compact sizes, and an outstanding price/performance ratio. Basler has more than 25 years of experience in image processing and has been developing and producing high grade digital cameras for 15 years. The company employs approximately 300 employees in its headquarters in Ahrensburg, Germany, and in the subsidiaries in the USA, Singapore, Taiwan, and Korea.