Business figures for the first quarter of 2013: Solid foundation confirmed for new fiscal year

Business Figures / Three-Month Report

(PresseBox) ( Ahrensburg, )
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- Incoming orders: Euro 17.6 million (previous year: Euro 13.8 million, +28 %)
- Sales: Euro 15.1 million (previous year: Euro 12.3 million, +23 %)
- Earnings before interest and taxes (EBIT): Euro 2.0 million (previous year: Euro 1.2 million, +67 %)
- Earnings before taxes (EBT): Euro 1.8 million (previous year: Euro 1.0 million, +80 %)
- Pre-tax margin: 12 % (previous year: 8%)
- Operating cash flow: Euro 1.9 million (previous year: Euro 1.4 million, +36 %)

BASLER AG, one of the leading global manufacturers of industrial cameras, is presenting today final figures for the first three months of 2013.

In the first quarter, the group's incoming orders amounted to Euro 17.6 million (previous year: Euro 13.8 million, +28 %). The group sales amounted to Euro 15.1 million and was 23 % above the previous year's figure of Euro 12.3 million. Compared with the previous year, the gross profit margin increased by 6 percentage points to 50.3 % (previous year: 43.9 %). In the first three months of 2013, Basler AG achieved earnings before taxes (EBT) for the group of Euro 1.8 million (previous year: Euro 1.0 million, +80 %). The pre-tax return amounted to 12 % (previous year: 8 %).

Given these results, Basler AG got off to a good start in fiscal year 2013 and is currently ahead of previously budgeted plans.

"The transformation of Basler AG began in 2009 and was completed at the end of 2012 towards a pure camera manufacturer; from now on the growth and profitability of the Basler group will only be determined by its core business with industrial cameras. The good results of the first quarter confirm our planning according to which we will generate profitable growth on group level in 2013 for the first time in several years", said Dietmar Ley, chairman of the management board.

In view of the continuing uncertainties in the markets and the resulting economic risks, for the time being the management board is maintaining its sales and profit forecast for fiscal year 2013, despite the first quarter results that were better than expected . The sales will accordingly be within a corridor between Euro 60 million and Euro 63 million and the pre-tax margin will be between 8 and 10 %.
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