Basler AG reports preliminary business figures for the first nine months of 2012: Successful course continued, forecast for 2012 raised again
- Camera business realizes new record figures
- Results Q3-2012:
Incoming orders: € 15.7 million (previous year: € 12.2 million,+29 %)
Sales: € 16.6 million (previous year: € 13.2 million, +26 %)
Earnings before taxes: € 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 %)
- 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 %)
Earnings before taxes: € 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 %)
- Forecast for 2012 raised again
Ahrensburg, October 22, 2012 , – BASLER AG, one of the leading global manufacturers of cameras for industry and video surveillance applications, is releasing preliminary figures for the first nine months of 2012 as well as for the third quarter of 2012.
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 therefore above the corridor of 8 % to 9 %, predicted for fiscal year 2012. In the course of the third quarter, earnings before taxes (EBT) for the group increased by 33 % to € 1.5 million in the previous year to € 2.0 million. The pre-tax return increased from 11.3 % in the third quarter of 2011 to 12.0 %.
Thus, Basler AG performed better in fiscal year 2012 than it was expected at the beginning of the year. This is mainly due to new record figures in our core business with cameras for applications in industry and video surveillance (Segment Components). For the fourth quarter of 2012, we expect our business to develop as planned. Therefore, we can raise again our sales and earnings forecast for 2012 and henceforth expect sales revenues within a corridor of € 54 – 56 million (previously € 52 – 54 million) and a pre-tax return (EBT) margin of 9 – 10 % (previously 8 – 9 %).
The definitive figures for the first nine months of fiscal year 2012 will be published on November 8, 2012.
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.