Basler successfully on track for growth
- Camera business continues to grow
- Incoming orders: € 42.4 million (previous year: € 41.3 million , +3 %)
Sales: € 41.4 million (previous year: € 38.3 million, +8 %)
EBIT: € 5.8 million (previous year: € 5.3 million, +9 %)
Pre-tax earnings: € 4.8 million (previous year: € 4.0 million, +20 %)
Operating cash flow: € 9.2 million (previous year: € 5.4 million, +70 %)
- Forecast for 2011 confirmed
Directly from the ?VISION?, the worldwide leading trade fair for vision technology taking place in Stuttgart, Germany, the company announces today that the first nine months of the fiscal year 2011 were successful for Basler AG.
Despite the continuing uncertainty in the financial markets and the cyclical slow down during the past months, Basler AG successfully continued its profitable growth in sales.
In the first nine months, the incoming orders amounted to € 42.4 million (+3 %). In the reporting period, sales increased by 8 % to € 41.4 million. Earnings before interest and taxes (EBIT) increased by 9 % to € 5.8 million. The return before taxes and interest increased to 14.0 %. Earnings before taxes (EBT) climbed disproportionately by 20 % to € 4.8 million. The pre-tax return amounted to 11.6 %. The operational cash flow developed particularly well and increased by 70 % to € 9.2 million. At the end of the reporting period, the liquid assets amounted to € 6.8 million, exceeding the previous year's figure by 39 %.
“The positive course during the first nine months shows that Basler AG will achieve very good results also in 2011 and continue its profitable growth. The growth is driven by our camera business that will increase in the double-digit percentage range in 2011? explains Dr. Dietmar Ley (CEO). ?The trade fair visitors‘ positive reactions to our new products strengthens our conviction to be able to further increase our market share in 2012.?
Based on the positive results of the first nine months, Basler confirms its forecast for the complete year 2011. According to the forecast the group's turnover will range between € 54.0 million and € 58.0 million (previous year: € 51.0 million). The earnings before taxes will be at least € 5.4 million (previous year: € 5.0 million).
Basler is a developer and manufacturer of high grade cameras for industrial and medical applications, traffic control systems, and video surveillance. Basler has more than 20 years of experience in image processing and offers its customers one of the widest product portfolios in the industry. The company employs approximately 270 employees in its headquarters in Ahrensburg, Germany, and in subsidiaries in the USA, Singapore, Taiwan, Korea, and Japan.