PresseBox
Press release BoxID: 160122 (Basler AG)
  • Basler AG
  • An der Stusbek 60 - 62
  • 22926 Ahrensburg
  • http://www.baslerweb.com
  • Contact person
  • Verena Fehling
  • +49 (4102) 463-100

Basler announces financial figures for 2007

Turnover on previous year s level, earnings suffering from downward trend in the flat screen industry; turnover and earnings in the fourth quarter significantly higher than previous year's results

(PresseBox) (Ahrensburg, ) .
- Turnover 2007: EUR 51.5 million; turnover Q4/2007: EUR 14.7 million
- Earnings before taxes 2007: EUR 1.8 million; earnings before taxes Q4/2007:EUR 2.2 million
- Forecast 2008: Despite worldwide economic risks, growth in turnover and earnings before taxes and positive free cash flow expected

Basler AG, one of the most innovative high-growth companies in Vision Technology, today published its audited Annual Report for 2007.

The figures at a glance:

in millions of Euros 2007 2006 +/- %
Turnover 51.5 52.1 -1%
Incoming Orders 56.6 57.5 -2%
Gross Results 25.3 27.3 -7%
Gross Margin (in %) 49 52 -3 percentage points
Net Results 1.1 3.0 -63%
Earnings per Share(in Euros)0.31 0.85 -64%

In the fiscal year 2007, the components business experienced a double-digit growth in turnover and incoming orders whereas in the solutions business those two figures declined significantly. Unfavorable developments of the exchange rate between the Euro and the US Dollar and production-related additional costs in the components business affected the result.

In the fourth quarter, the group's turnover increased by 5% to EUR 14.7 million compared to the previous year's quarter. Hence, in terms of turnover, the fourth quarter was by far the most successful quarter of the fiscal year 2007. In Q4/2007, incoming orders amounting to EUR 16.4 million also improved considerably compared to the previous year (2006: EUR 14.6 million; +12%). Earnings before taxes amounted to EUR 2.2 million (Q4/2006: EUR -64 million)

Only ten years after its foundation, the Basler Components business unit (industrial digital cameras) generated more than half of the group's turnover. As a result of its strong growth in an otherwise stagnant market, Basler Components has become the world's number two in the market for digital camera solutions for capital goods manufacturers in 2007. Hence, the components business remains the most important growth driver within the Basler group.

The Basler Components figures at a glance:

in millions of Euros 2007 2006 +/- %
Turnover 27.5 23.3 +18%
Incoming Orders 30.7 24.7 +24%
EBIT 3.0 4.3 -30%

Turnover in the Basler Solutions business unit (turnkey inspection systems for mass production) fell by approximately 17% to EUR 24.0 million in the fiscal year 2007 (2006:EUR 28.8 million). This decline was mainly due to a 35% reduction in investments in the flat screen industry compared to 2006. Basler's market entry into the solar industry was very successful. In 2007, several new products generated incoming orders by key accounts and for the first time produced considerable turnover. As the demand in the flat screen industry began to grow again, the fourth quarter was the most successful quarter of the fiscal year 2007 in terms of turnover and incoming orders.

The Basler Solutions figures at a glance:

in millions of Euros 2007 2006 +/- %

Turnover 24.0 28.8 -17%
Incoming Orders 25.9 32.8 -21%
EBIT-1.2 1.5 -180%

Considering the slowing global economy and risk of recession in the United States we are planning a low to mid single-digit growth in turnover and a mid to high single-digit growth in earnings before taxes while generating positive free cash flow .

The Annual Report is available as a download at www.baslerweb.com/financialreports.