Quarterly Report • May 4, 2022
Quarterly Report
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| in € m* | QI 2022 | QI 2021 | Changes to previous year |
|---|---|---|---|
| Sales revenues | 66.3 | 54.6 | 21 % |
| Incoming orders | 84.2 | 67.3 | 25 % |
| Gross results | 33.3 | 29.8 | 12 % |
| Gross profit margin | 50.2 % | 54.6 % | -4.4 Pp. |
| Full costs for research and development |
7.8 | 7.0 | 11 % |
| Research and development ratio |
11.8 % | 12.8 % | -1.0 Pp. |
| EBITDA | 13.4 | 14.7 | -9 % |
| EBIT | 9.3 | 10.1 | -8 % |
| EBT | 9.2 | 9.9 | -7 % |
| EBT Margin | 13.9 % | 18.1 % | -4.3 Pp. |
| Net income | 6.8 | 7.8 | -13 % |
| Weighted average number of shares |
9,972,107 | 10,004,554 | 0 % |
| Result per share (€) | 0.68 | 0.78 | -13 % |
| Cash flow from operating activities |
-5.1 | 4.7 | >-100 % |
| Cash flow from investing activities |
-22.9 | -3.6 | >-100 % |
| Free cash flow | -28.1 | 1.0 | >-100 % |
| in € m* | 03/31/2022 | 12/31/2021 | Changes to previous year |
|---|---|---|---|
| Total assets | 254.6 | 227.3 | 12 % |
| Long-term assets | 114.9 | 95.5 | 20 % |
| Equity | 136.3 | 128.7 | 6 % |
| Liabilities | 118.3 | 98.6 | 20 % |
| Equity ratio | 53.5 % | 56.6 % | -3.1 Pp. |
| Net cash | -10.0 | 19.0 | >-100 % |
| Working capital | 66.5 | 48.7 | 36 % |
| Number of employees for the period (full time equivalents) |
998 | 864 | 15 % |
| Share price (XETRA) in € | 100.00 | 158.80 | -37 % |
| Number of shares in circulation |
9,971,231 | 9,971,231 | <1 % |
| Market capitalization | 997.5 | 1,583.4 | -37 % |
*unless otherwise stated
We are very pleased to report to you on a powerful beginning of the financial year 2022. We started with a quarterly sales record and both incoming orders and sales clearly increased in the double-digit range. The acquisitions of our distribution partners in Korea announced at the end of 2021 were effectively implemented as planned in January and are fully consolidated in this report. Over fifty highly motivated and experienced colleagues now supplement our organization in the fifth largest country market for image processing technology. Thus, in our transformation to a full-range provider with direct market access, we reached further important milestones in the first quarter of 2022. As recently reported, we intend to gradually take over the distribution business of our French longtime partner i2S.
Despite the continuing shortage of semiconductor components, costly interim purchases and special effects from the takeover of distribution inventories in Korea, we maintained stable gross margins and returned to a higher pre-tax return rate of approximately 14 %.
Our free cash flow of the first quarter of 2022 includes significant extraordinary effects due to the acquisitions in Korea. Moreover, the operational cash flow was particularly burdened by the build up of raw material inventories since only a few critical parts limited the maximum production quantity. The bottlenecks in the semiconductor markets persisted and led to a clearly positive bookto-bill ratio for the sixth quarter in succession and a resulting increase in our already very high order backlog.
On the basis of this enormous order backlog of around € 150 million and despite the recent lockdown in China and rising geopolitical as well as economic uncertainties, we expect the sales situation to remain relatively stable for the remainder of the year. 2022 sales will mainly be limited by the availability of critical semiconductor components. We continue to work with high financial commitment, creativity and tireless dedication to support our customers in the best possible way and to maximize our production output.
With this compact 3-month report, we would like to give you a deeper insight into the development of the fiscal year so far.
The Basler group closed the first three months with very positive results. Compared to the same period of the previous year, sales increased by 21 % and incoming orders by 25 %. The very strong demand for image processing components over the past quarters continued on a very high level, however, sightly declined towards the end of the quarter. In April, the lockdowns in China led to a cooling of local demand.
This market development is also confirmed by the orders and sales of the German machine vision components industry. As of the end of March 2022, the German Engineering Federation (VDMA) reported an increase in sales of 13 % for the German manufacturers of image processing components. According to the VDMA, incoming orders in the industry increased by 16 % in the same period. As a result, the Basler group was able to further increase its market share in the course of the financial year.
In the first quarter, the Basler group continued to be affected by the global shortage of semiconductor components. Overall, the production level was increased compared to the previous quarter, however, it remained well below the targeted level due to a few scarce semiconductor components. According to management, the situation on the procurement markets for semiconductor and electronic components will improve slightly in the course of the year, but will not change significantly. Delivery times for critical components are still in the range of 50-100 weeks, and components are sometimes allocated directly to customers through strict processes. As one of the market leading companies of the industry, Basler AG can play out competitive advantages due to its professional supply chain management, its high production depth (mounting and assembly) and excellent supplier relations.
All activities related to the development and launch of new products were running at high intensity during the past three months. In total, € 7.8 million were spent for development services (previous year: € 7.0 million). However, development activities were still disturbed by the effects of the cyber attack at the end of the past financial year.
As planned, only a few new products were launched in the first quarter.
The offer for 3D image processing was supplemented by a new model series of stereo cameras suitable for industrial use with matched application software. Robots equipped with Basler stereo cameras can perceive their surrounding in real time. The idea of the Basler stereo camera family is based on a plug and play computer vision solution neither requiring experience nor expertise in the area of industrial image processing. Thanks to the onboard processing, the cameras can be integrated directly - without an external computer. The new model series is particularly interesting for applications in factory automation as well as logistics.
Furthermore, Basler optimized the feature set of the Basler MED ace camera series for dust protection. Additional and more stringent tests of selected components for dust and other particles during the camera assembly as well as of the finished camera in the final inspection ensure an even higher level of cleanliness and, as a result, a higher image quality. Users are typically customers with special purity requirements such as applications in microscopy, ophthalmology and laboratory automation.
In addition to these products, new web guidance tools were launched in order to make it easier for customers to digitally select products.
The Basler group closed the first three months of the financial year 2022 very successfully in accordance with its growth forecast. Due to the continuing strong demand in the first quarter as well as the high order backlog of around € 150 million at the end of the first quarter, the management is positive about the further course of the year. Even though the level of the first quarter business tends to be at the upper end of the forecast corridor, the management adheres to its guidance due to the early timing in the year, the continuing chip crisis, the recent lockdowns in China as well as the geopolitical and economic uncertainties. This forecasts group sales between € 235 and € 265 million at a pre-tax return rate of 9 – 12 %. This rate reflects the increasing personnel and material costs in the course of the year caused by new hirings and fewer covid restrictions. In addition, the yield forecast considers continued temporary pressure on the gross profit margin due to expensive interim purchases from brokers.
Compared to the same period of 2021, sales increased by 21 % to a quarterly record level of € 66.3 million (previous year: € 54.6 million). Incoming orders increased by 25 % to € 84.2 million (previous year: € 67.3 million). The geographical distribution of sales is heavily weighted towards Asia at 56 %. The acquisitions in Korea also had a positive impact on the traditionally high proportion of sales in Asia, whereas sales in the Chinese market developed at a lower rate than in other regions in the first quarter. 27 % of sales came from the EMEA region and 17 % from the Americas.
For the last five quarters (in € million)
Development of gross margin
For the last five quarters
The gross profit margin was on a comparable level compared to the second half of 2021, however, at 50.2 % (previous year: 54.6 %) it deteriorated noticeably compared to the same period of the previous year. The main reasons for this are increased material costs due to expensive interim purchases and structural price adjustments by suppliers which, due to the high order backlog, will not be effectively passed on to customers until later in the year. In addition, the gross profit margin in the first quarter was diluted by special effects caused by the Korean distributors (inventory adjustment) and by additional trading business of these distributors. By contrast, the strong exchange rate of the Chinese RMB had a positive impact.
Compared to the very strong previous year, earnings before taxes slightly decreased by € 0.7 million to € 9.2 million (previous year: € 9.9 million). However, compared to the previous quarter, earnings before taxes increased by € 5.8 million to € 9.2 million. At 13.9 % (previous year: 18.1 %), the pre-tax return rate is on a solid level.
The period surplus amounted to € 6.8 million and thus was 13 % below the previous year's figure of € 7.8 million. The result per share (diluted/undiluted) amounted to € 0.68 (previous year: € 0.78).
Compared to Dec. 31, 2021, the long-term assets considerably increased due to the acquisitions in Korea. Furthermore, inventories increased by € 7.6 million in the same period of time. An amount of € 5.2 million originates from the takeover of finished products from IOVIS Tech and Datvision within the framework of the M&A transaction. In addition, a few bottleneck parts led to a reduction in production volume and the outflow of existing raw materials was thus slowed down. Receivables increased mainly as a result of the rise in net sales by just under € 10 million.
Equity increased to € 136.3 million (Dec. 31, 2021: € 128.7 million). Despite the increased equity, the equity ratio decreased by 3 percentage point to 53.5 % on March 31, 2022, compared to 56.6 % on December 31, 2021. This is due to an increased balance sheet total on March 31, 2022.
The operating cash flow amounted to € -5.1 million (previous year: € 4.7 million). This development resulted from the significant increase in receivables due to the strong sales growth and the continued increase in inventories. The cash flow from investing activities amounted to € -22.9 million (previous year: € -3.6 million). In contrast to the previous year, it included special effects from M&A transactions.
Liquid assets decreased from € 54.8 million (Dec. 31, 2021) to € 40.4 million. The net liquidity after deduction of all bank liabilities amounted to € -10.0 million (Dec. 31, 2021: € 19.0 million). This will improve at the end of the year due to expected incoming payments.
For the last five quarters (in € million)
At the reporting date of March 31, 2022, the Basler group employed 998 (December 31, 2021: 908) employees (full-time equivalent). This includes the 53 new employees in Korea. In the further course of the year 2022, the Basler group plans to employ an additional 100 new employees.
There are no new material related party transactions in the first quarter of 2022.
As part of the purchase price allocation of the acquired Datvision Co., a customer order backlog and customer relationships amounting to € 0.7 million and finished goods inventories amounting to € 1.5 million were identified.
As part of the purchase price allocation of the acquired IOVIS Tech, a customer order backlog and customer relationships amounting to € 2.6 million, finished goods inventories amounting to € 3.7 million, and trade receivables amounting to € 5.5 million were identified
Regarding significant opportunities and risks of the probable development of the company, we refer to the opportunities and risks described in the group management report as of December 31, 2021. Existing risks are continuously monitored and countermeasures are initiated. In the coming months, the risks relating to the global economic and political situation in particular will be updated before the regular risk inventory will take place in the second/third quarter.
The interim statement of Basler was prepared according to the International Financial Reporting Standards (IFRS) as applicable within the European Union (EU), the interpretations of the International Financial Reporting Interpretations Committee (IFRIC), as well as the Standing Interpretations Committee (SIC). The interim statement was prepared according to the provision of the IAS 34.
The interim financial statements as at March 31, 2022 are unaudited and have not been reviewed by an auditor. In principle, the same accounting and valuation methods are applied in the interim financial statements as in the consolidated financial statements as at December 31, 2021.
For significant changes of the consolidated balance sheet, the consolidated income statement as well as the consolidated cash flow statement, we refer to the report on the profit, finance, and asset situation. The statements on IFRS 9 made in the consolidated financial statements as at 31 December 2021 have not changed in the first quarter of the current financial year due to the Corona pandemic. To date, the Basler group has not been able to identify any changes in the payment behavior of customers that would have led to a different valuation of trade receivables. There were no findings that would have led to a revaluation of the lease accounting in accordance with IFRS 16 as at the reporting date.
The share capital of Basler AG amounted to € 10.5 million at the end of the quarter on March 31, 2022, divided into 10.5 million no-par-value bearer shares
| 03/31/2022 Number of shares in pieces |
12/31/2021 Number of shares in pieces |
|
|---|---|---|
| Supervisory Board | ||
| Norbert Basler | - | - |
| Dorothea Brandes | - | - |
| Horst W. Garbrecht | - | - |
| Dr. Marco Grimm | - | - |
| Prof. Dr. Eckart Kottkamp | - | - |
| Prof. Dr. Mirja Steinkamp | - | - |
| Management Board | ||
| Arndt Bake | 2,075 | 2,075 |
| Dr. Dietmar Ley | 5,901 | 5,901 |
| Hardy Mehl | 0 | 0 |
| Alexander Temme | 0 | 0 |
With the approval of the supervisory board, on December 9, 2020, the management board of Basler AG decided to terminate the share buyback program initially re-started in 2020 on March 11, 2020, and to launch a new share buyback program on the basis of the annual general meeting's resolution of May 26, 2020. The new share buyback program has a total volume of up to € 10 million and a term until May 25, 2025.
The basis for the share buyback program is the authorization pursuant to § 71 para. 1 no. 8 of the German Stock Corporation Act (AktG) in accordance with the resolution of the Annual General Meeting of May 26, 2020, on agenda item 8 of this Annual General Meeting. According to this, the company may acquire treasury shares in the total amount of up to € 1,050,000.00 divided into 1,050,000 shares on the basis of the currently registered share capital. The authorization is valid until the end of May 25, 2025.
While the company may in principle use the shares for all legally permissible purposes in accordance with the authorization, this share buyback program is intended in particular to serve the acquisition of treasury shares for subsequent use as acquisition funds.
The share buyback program will be implemented as a programmed buyback program within the meaning of Art. 1 lit. a of Regulation (EU) 2016/1052. The program will be carried out under the leadership of Oddo BHF. The bank shall be instructed, at its own discretion but within the framework of the following provisions, to purchase from the respective daily turnover not more than 25 % of the average daily trading volume of the 20 trading days on the respective trading venue prior to the purchase date. The purchase price per share (excluding ancillary purchase costs) may not exceed or fall short of the stock exchange price of Basler AG in XETRA trading (or a comparable successor system) on the Frankfurt Stock Exchange determined by the opening auction on the trading day by more than 10 %.
The extent to which own shares are actually acquired will depend in particular on market conditions. The acquisition will be made via the stock exchange in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation") and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 adopted on the basis of Article 5(6) of the Market Abuse Regulation. March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regulatory technical standards on the conditions applicable to buy-back programs and stabilization measures ("Delegated Regulation") and the volume limits and further acquisition restrictions and publication requirements provided for therein. The company has the right to suspend or prematurely terminate the share buyback program at any time.
In the first quarter, the company did not acquire any treasury shares and, as of the reporting date March 31, 2022, holds 528,769 treasury shares or 5.036 % of the share capital of 10.5 million shares.
The company transferred a total of 3,502 treasury shares to Dietmar Ley, Arndt Bake, Hardy Mehl, and Alexander Temme at the beginning of April 2022 as part of the variable management board remuneration for 2021.
The current declaration of the management board and the supervisory board pursuant to § 161 of the German Stock Corporation Act (AktG) regarding the German Corporate Governance Code was made continually available to the shareholders on the company's website at: www.baslerweb.com/investors/corporate-governance.
We affirm to the best of our knowledge that the interim consolidated financial statements, in accordance with the accounting principles applicable to interim reporting, provide a true and fair view of the group's asset, financial, and earnings situation and that the group's interim management report represents a true and fair picture of the course of business, including the operating result, and the group's financial situation as well as describing the essential opportunities and risks concomitant with the expected development of the group during the remainder of the fiscal year.
The management board
CEO CMO CFO/COO CCO
Dr. Dietmar Ley Arndt Bake Hardy Mehl Alexander Temme
| in € k | 01/01/ - 03/31/2022 | 01/01/ - 03/31/2021 | |
|---|---|---|---|
| Sales revenues | 66,285 | 54,591 | |
| Currency earnings | 651 | 36 | |
| Cost of sales | -33,683 | -24,828 | |
| Gross profit on sales | 33,253 | 29,799 | |
| Other income | 436 | 289 | |
| Sales and marketing costs | -10,956 | -7,911 | |
| General administration costs | -5,828 | -4,447 | |
| Research and development | -7,419 | -7,661 | |
| Thereof: Full costs | -7,824 | -7,036 | |
| Capitalisation of intangible assets | 2,150 | 2,464 | |
| Depreciations intangible | -1,745 | -3,089 | |
| Other expenses | -175 | -1 | |
| Operating result | 9,311 | 10,068 | |
| Financial income | 64 | 16 | |
| Financial expenses | -162 | -140 | |
| Financial result | -98 | -124 | |
| Earnings before tax | 9,213 | 9,944 | |
| Income tax | -2,440 | -2,129 | |
| Group´s period surplus | 6,773 | 7,815 | |
| of which are allocated to | |||
| shareholders of the parent company | 6,773 | 7,815 | |
| non-controlling shareholders | 0 | 0 | |
| Average number of shares | 9.972,107 | 10,004,554 | |
| Earnings per share diluted = undiluted (€) | 0.68 | 0.78 |
| in € k | 01/01/ - 03/31/2022 | 01/01/ - 03/31/2021 |
|---|---|---|
| Group's period surplus | 6,773 | 7,815 |
| Result from differences due to currency conversion, directly recorded in equity (to reclassified to the consolidated income statement in the future under certain conditions) |
481 | 813 |
| Adjustment Finance Lease w/o income effect/ IFRS 15 (not to be reclassified subequently to the consolidated income statement) |
0 | 0 |
| Total result, through profit or loss | 481 | 813 |
| Total result | 7,254 | 8,628 |
| of which are allocated to | ||
| shareholders of the parent company | 7,254 | 8,628 |
| non-controlling shareholders | 0 | 0 |
| in € k | 01/01/ - 03/31/2022 | 01/01/ - 03/31/2021 | |
|---|---|---|---|
| Operating activities | |||
| Group's period surplus | 6,773 | 7,815 | |
| Increase (+) / decrease (-) in deferred taxes | 957 | 221 | |
| Payout/ incoming payments for interest | 248 | 282 | |
| Depreciation of fixed assets | 4,071 | 4,586 | |
| Change in capital resources without affecting payment | 481 | 813 | |
| Increase (+) / decrease (-) in accruals | -1,860 | 1,113 | |
| Profit (-) / loss (+) from asset disposals | 0 | 1 | |
| Increase (-) / decrease (+) in reserves | -7,626 | -2,677 | |
| Increase (+) / decrease (-) in advances from demand | 2 | -814 | |
| Increase (-) / decrease (+) in accounts receivable | -10,228 | -9,744 | |
| Increase (-) / decrease (+) in other assets | -4,623 | -1,076 | |
| Increase (+) / decrease (-) in accounts payable | 90 | 3,967 | |
| Increase (+) / decrease (-) in other liabilities | 6,576 | 171 | |
| Net cash provided by operating activities | -5,139 | 4,658 | |
| Investing activities | |||
| Payout for investments in fixed assets | -7,245 | -3,632 | |
| Incoming payments for asset disposals | 33 | 11 | |
| Expenses for acquisitions less cash acquired | -15,727 | 0 | |
| Net cash provided by investing activities | -22,939 | -3,621 |
| in € k | 01/01/ - 03/31/2022 | 01/01/ - 03/31/2021 | |
|---|---|---|---|
| Financing activities | |||
| Payout for amortisation of bank loans | -1,028 | -1,028 | |
| Payout for amortisation of finance lease | -952 | -710 | |
| Incoming payment for borrowings from banks | 15,500 | 0 | |
| Interest payout | -248 | -282 | |
| Incoming payment for sale of own shares | 353 | 84 | |
| Payout for own shares | 0 | 0 | |
| Dividends paid | 0 | 0 | |
| Net cash provided by financing activities | 13,625 | -1,936 | |
| Change in liquid funds | -14,453 | -899 | |
| Funds at the beginning of the period | 54,831 | 47,860 | |
| Funds at the end of the period | 40,378 | 46,961 | |
| Composition of liquid funds at the end of the period | |||
| Cash in bank and cash in hand | 40,378 | 46,961 | |
| Payout for taxes | -1,270 | -782 |
| in € k | 03/31/2022 | 12/31/2021 | |
|---|---|---|---|
| Assets | |||
| A. Long-term assets | |||
| I. Intangible assets | 42,299 | 38,556 | |
| II. Goodwill | 43,201 | 27,474 | |
| III. Fixed assets | 12,764 | 12,645 | |
| IV. Buildings and land in finance lease | 15,750 | 16,065 | |
| V. Other financial assets | 5 | 5 | |
| VI. Deferred tax assets | 837 | 776 | |
| 114,856 | 95,521 | ||
| B. Short-term assets | |||
| I. Inventories | 44,757 | 37,131 | |
| II. Receivables from deliveries and services | 43,532 | 33,304 | |
| III. Other short-term financial assets | 4,036 | 1,853 | |
| IV. Other short-term assets | 3,980 | 2,247 | |
| V. Claim for tax refunds | 3,039 | 2,392 | |
| VI. Cash in bank and cash in hand | 40,378 | 54,831 | |
| 139,722 | 131,758 | ||
| 254,578 | 227,279 |
| in € k | 03/31/2022 | 12/31/2021 |
|---|---|---|
| Liabilities | ||
| A. Equity | ||
| I. Subscribed capital | 9,975 | 9,971 |
| II. Capital reserves | 26,818 | 26,818 |
| III. Retained earnings | 101,360 | 94,237 |
| IV. Other components of equity | -1,889 | -2,370 |
| 136,264 | 128,656 | |
| B. Long-term debt | ||
| I. Long-term liabilities | ||
| 1. Long-term liabilities to banks | 46,931 | 32,011 |
| 2. Other financial liabilities | 5,417 | 545 |
| 3. Liabilities from finance lease | 8,254 | 8,873 |
| II. Non-current provisions | 1,603 | 1,603 |
| III. Deferred tax liabilities | 10,419 | 9,401 |
| 72,624 | 52,433 | |
| C. Short-term debt | ||
| I. Other financial liabilities | 3,670 | 4,110 |
| II. Short-term accrual liabilities | 8,980 | 12,086 |
| III. Short-term other liabilities | ||
| 1. Liabilities from deliveries and services | 18,883 | 18,831 |
| 2. Other short-term financial liabilities | 7,049 | 5,312 |
| 3. Liabilities from finance lease | 3,600 | 3,589 |
| IV. Current tax liabilities | 3,508 | 2,262 |
| 45,690 | 46,190 | |
| 254,578 | 227,279 |
Group´s annual balance sheet according to IFRS for the fiscal year from January 1, 2022 to March 31, 2022
| Other components of equity | |||||||
|---|---|---|---|---|---|---|---|
| in € k | Subscribed capital |
Capital reserve |
Retained earnings incl. group's earnings |
Differences due to currency conversion |
Adjustment recognized directly in equity Finance lease/ IFRS15 |
Sum of other components of equity |
Total |
| Shareholders´ equity as of 01/01/2021 | 10,005 | 22,590 | 87,091 | -221 | -4,557 | -4,778 | 114,908 |
| Total result | 7,815 | 813 | 813 | 8,628 | |||
| Share salesback / Share buyback | 1 | 83 | 84 | ||||
| Shareholders´equity as of 03/31/2021 | 10,006 | 22,590 | 94,989 | 592 | -4,557 | -3,965 | 123,620 |
| Total result | 3,927 | 9,232 | 1,595 | 1,595 | 14,754 | ||
| Share salesback / Share buyback | -35 | 301 | -4,183 | -3,917 | |||
| Dividend outpayment* | -5,801 | -5,801 | |||||
| Shareholders´equity as of 12/31/2021 | 9,971 | 26,818 | 94,237 | 2,187 | -4,557 | -2,370 | 128,656 |
| Total result | 6,774 | 481 | 481 | 7,255 | |||
| Share salesback / Share buyback | 4 | 349 | 353 | ||||
| Share salesback | 0 | ||||||
| Shareholders´equity as of 03/31/2022 | 9,975 | 26,818 | 101,360 | 2,668 | -4,557 | -1,889 | 136,264 |
* 0,58 € per share
| Date | Event | Venue |
|---|---|---|
| 05/23/2022 | Shareholders' meeting 2022 | Hamburg, Germany |
| 08/03/2022 | Publication 6-month report 2022 | Ahrensburg, Germany |
| 11/04/2022 | Publication 9-month report 2022 | Ahrensburg, Germany |
| 11/28/2022-11/30/2022 | Deutsches Eigenkapitalforum 2022 | Frankfurt am Main, Germany |
| Date | Event | Venue |
|---|---|---|
| 06/17/2022-06/19/2022 | Embedded Vision Summit | Santa Clara, CA, USA |
| 06/06/2022-06/09/2022 | Automate | Detroit, MI, USA |
| 06/21/2022-06/24/2022 | analytica 2022 | Munich, Germany |
| 06/21/2022-06/24/2022 | automatica 2022 | Nuremberg, Germany |
| 06/21/2022-06/23/2022 | embedded world 2022 | Munich, Germany |
| 10/04/2022-10/06/2022 | VISION Stuttgart 2022 | Stuttgart, Germany |
| 10/11/2022-10/13/2022 | The Vision Show | Boston, MA, USA |
| Dec. 2022 | Healthcare+ Expo Taiwan | Taipei, Taiwan |
| Dec. 2022 | China International Industry Fair | Beijing, China |
An der Strusbek 60-62 22926 Ahrensburg Germany Tel. +49 4102 463 0 Fax +49 4102 463 109 [email protected] baslerweb.com
BASLER, INC.
855 Springdale Drive, Suite 203 Exton, PA 19341 USA Tel. +1 610 280 0171 Fax +1 610 280 7608 [email protected]
35 Marsiling Industrial Estate Road 3 #05-06 Singapore 739257
7Tel. +65 6367 1355 Fax +65 6367 1255 [email protected]
No. 160, Zhuangjing N. Rd., Zhubei City, Hsinchu County 302, Taiwan (R.O.C.)
Tel. +886 3 558 3955 Tel. +886 9 7011 0035 [email protected]
2nd Floor, Building No.5, Dongsheng International Pioneer Park, No.1 Yongtaizhuang NorthRoad, Haidian District, Beijing
Tel.+86 010 6295 2828 Tel.+86 010 6280 0550 [email protected]
2501~2507, Anyang IS Biz Central A-dong, 25, Deokcheon-ro 152beon-gil, Manan-gu, Anyang-si, Gyeonggi-do (Zip code 14085) [email protected]
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