PresseBox
Press release BoxID: 155130 (Basler AG)
  • Basler AG
  • An der Stusbek 60 - 62
  • 22926 Ahrensburg
  • http://www.baslerweb.com
  • Contact person
  • IT-Manager
  • +49 (4102) 463 - 100

Basler announces preliminary results 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 for 2008: Single-digit growth in sales, double-digit growth in earnings before taxes

The Basler group ended the fiscal year 2007 with a EUR 51.5 million turnover (2006: EUR 52.1 million). Incoming orders of the group amounting to EUR 56.6 million also remained on previous year s level in 2007 (2006:

EUR 57.5 million). The components business experienced a double-digit growth in turnover and incoming orders whereas in the solutions business those two figures declined significantly. 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 14.8 million; +11%).

The Basler Components business unit (industrial digital cameras) increased its turnover by 18%, rising to EUR 27.5 million (2006: EUR 23.3 million). Only ten years after its foundation, the business unit 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.

Turnover in the Vision 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.

In 2007, the group's earnings before taxes amounted to EUR 1.8 million (2006: EUR 4.9 million). This figure translates into a pretax margin of 3.5% (2006: 9.4%). The most important cause for the decline in results is the reduced turnover in the systems business. Furthermore, the unfavorable development of exchange rates between the Euro and the US Dollar and production-related additional costs in the components business affected the result. In the fourth quarter, earnings before taxes were EUR 2.2 million (Q4/2006: EUR -64,000)

These provisional figures are awaiting attestation by the auditors and approval by the Supervisory Board. The definitive figures together with the annual report for 2007 and the forecast for 2008 will be presented at the press conference to be given for the publication of the financial statement on 12th March.