Quarterly Report • Nov 5, 2020
Quarterly Report
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2020
| in € m* | 01/01/ - 09/30/2020 |
01/01/ - 09/30/2019 |
Changes to previous year |
07/01/ - 09/30/2020 |
07/01/ - 09/30/2019 |
Changes to previous year |
|---|---|---|---|---|---|---|
| Sales revenues | 129.2 | 123.2 | 5 % | 40.3 | 41.4 | -3 % |
| Incoming orders | 128.3 | 122.7 | 5 % | 36.0 | 38.5 | -6 % |
| Gross results | 67.9 | 61.6 | 10 % | 20.7 | 21.2 | -2 % |
| Gross profit margin | 52.6 % | 50.0 % | 2.6 Pp. | 51.4 % | 51.2 % | 0.2 Pp. |
| Full costs for research and development |
17.8 | 17.7 | 1 % | 5.7 | 5.6 | 2 % |
| Research and development ratio |
13.8 % | 14.4 % | -0.6 Pp. | 14.1 % | 13.5 % | 0.6 Pp. |
| EBITDA | 28.2 | 23.1 | 22 % | 8.4 | 9.4 | -11 % |
| EBIT | 18.6 | 13.6 | 37 % | 5.4 | 6.1 | -11 % |
| EBT | 18.1 | 13.1 | 38 % | 5.3 | 5.9 | -10 % |
| EBT Marge | 14.0 % | 10.6 % | 3.4 Pp. | 13.2 % | 14.3 % | -1.1 Pp. |
| Net income | 13.7 | 9.3 | 47 % | 4.1 | 4.5 | -9 % |
| Weighted average number of shares |
10,005,458 | 9,890,577 | 1 % | 10,005,264 | 10,007,757 | 0 % |
| Result per share in € (diluted/undiluted) |
1.37 | 0.94 | 45 % | 0.40 | 0.45 | -10 % |
| Cash flow from operating activities |
25.0 | 14.0 | 79 % | 9.7 | 6.7 | 44 % |
| Cash flow from investing activities |
-17.9 | -28.6 | -37 % | -4.3 | -4.8 | -10 % |
| Free Cash flow | 7.1 | -14.6 | >100 % | 5.3 | 1.9 | >100 % |
| in € m* | 09/30/2020 | 12/31/2019 | Changes to previous year |
|---|---|---|---|
| Total assets | 184.5 | 181.2 | 2 % |
| Long-term assets | 93.9 | 93.5 | 0 % |
| Equity | 113.6 | 103.0 | 10 % |
| Liabilities | 70.9 | 78.2 | -9 % |
| Equity ratio | 61.6 % | 56.8 % | 4.8 Pp. |
| Net cash | 17.4 | 15.7 | 11 % |
| Working Capital | 32.4 | 28.8 | 12 % |
| Number of employees for the period (full time equivalents) |
810 | 806 | 0 % |
| Share price (XETRA) in € | 50.40 | 54.40 | -7 % |
| Number of shares in circulation |
10,005,264 | 10,007,757 | 0 % |
| Market capitalization | 504.3 | 544.4 | -7 % |
*unless otherwise stated
After a turbulent and at the same time very successful first half year, incoming orders, sales, and result declined as expected, however, remained on a very solid level.
We are very pleased to again confirm that no employee has fallen ill with Covid-19 up to the time this report was created. Despite all corona-included challenges the Basler Group remained fully functional in the first nine months and, as of today, the operational business is not subject to any restrictions.
The shutdown in some countries had a temporary influence on the incoming orders and delivery situation. However, we were able to manage this due to our broad geographical presence and our diversified target customer structure. As a result, we increased our net result by almost 50 % compared to the previous year, and developed significantly better than the industry. We are very glad that our strategic investments and structural work of recent years are reflected in this positive business development under the current difficult market conditions.
However, the very good results of the first nine months of the fiscal year are still overshadowed by the current economic outlook due to the corona-pandemic. We assume that the capital goods markets and the associated computer vision market will continue to be negatively affected in the coming quarters. In addition, we anticipate seasonally lower demand for machine vision components in semiconductor and electronics applications in the fourth quarter. As expected, this was already apparent in the third quarter.
Despite the uncertain market situation, we are basically sticking to our investment path. We see the long-term growth trend of Computer Vision as potentially negatively affected by the corona-crisis in the short term, but structurally fully intact. We want to continuously increase our competitiveness, gain sustainable market share in existing markets, and develop new fields of applications. Against this background, we continue to shape Basler's future with a full crew, great passion, and powerful investments.
With this compact nine-month report, we would like to give you a deeper insight into the development of the current fiscal year.
The Basler Group has finished the first nine months with strong results and has thus built a solid basis for reaching the revenue and profitability forecast for the entire year 2020. Compared to the previous year, sales and incoming orders increased by 5 % each. The revival of the capital goods markets for semiconductors and electronics seasonally weakened in the third quarter. Also the demand from the general mechanical and plant engineering sector and the automotive industry remained very weak.
Incoming orders and sales of the German industry for image processing components confirm this market development. According to the VDMA (Verband Deutscher Maschinen- und Anlagenbau, German Engineering Federation), compared to the previous year, incoming orders and sales declined within the first nine months of the year. At the end of September 2020, the VDMA (Verband Deutscher Maschinen- und Anlagenbau, German Engineering Federation) reported a decline in sales amounting to 7 % for the accrued financial year 2020 for the German manufacturers of image processing components. In the same period of time, incoming orders decreased by 10 %. Thus, the Basler Group continued to increase its market shares.
All activities relating to the development and launch of new products were carried out to a high degree in the first nine months. A total of € 17.8 million (previous year: € 17.7 million) was spent on development management. For market communication, the corona-pandemic led to an even stronger focus on online activities in order to reach customers.
In September, Basler announced 24 new models of the ace 2 Basic and ace 2 Pro. These products take compact industrial cameras with c-mount objectives into new dimensions.
Furthermore, the MED ace camera product range was extended by four models. These cameras that are especially developed for medical & life sciences applications are now also available in 6 and 20 megapixel configurations.
Series production started for the Basler blaze 3D camera. The new Basler blaze is a 3D camera based on the time-of-flight principle. It offers 3D measurements with accuracy in the millimeter range in a VGA solution. This 3D camera is particularly suitable for use in many areas of the smart factory, in automated vehicles and mobile robots, in object recognition, as well as in diverse logistics applications.
Within the transition from a camera maker to a full-range provider, the range of accessories – cables, objectives, and light – was continuously expanded.
Moreover, customers were provided with additional web tools for the targeted selection of compatible image processing components.
The Basler Group closed the first nine months of this turbulent financial year 2020 very successfully and starts the last quarter of 2020 with a slightly negative ratio between incoming orders and sales.
Compared to the summer season third quarter, the management assumes incoming orders to increase again. The demand from image processing components in application fields for semiconductor and electronics typically starts up again towards the turn of the year. In addition to these seasonal effects, a continuing weak demand for image processing components for the automation industry is to be assumed. The current epidemiological events is likely to lead to a continuously weak demand for capital goods in the upcoming months, particularly in Europe and the Americas. In the China regional market the demand for image processing components seems to gradually recover. Consequently, fourth quarter' incoming orders are expected to start increasing again, whereas sales are expected to remain rather on the level of the third quarter's incoming orders due to the time offset.
Since these developments as well as corona related supply chain risks have already been anticipated, the Basler management expects to reach its current forecast for the financial year 2020 at the upper end concretizing it as follows: group's sales € 165 million at an EBT margin of 10 %.
Even if the current macroeconomic conditions have strong dampening effects, and, according to present knowledge, will lead to a low one-digit growth, the management is proud of what has been achieved and, in principle, positive about the future. Main growth drivers like automation, image processing in new application sectors outside the factory as well as the networking of intelligent machines and products (Industry 4.0 and / or IOT) continue to be intact, or rather in the medium-term will even be accelerated due to the corona crisis. Thus, the company still aims to reach a sales level of approximately € 250 million in its medium-term planning.
Compared to the same period of 2019, sales increased by 5 % to € 129.2 million (previous year: € 123.2 million). Incoming orders increased by 5 % to € 128.3 million (previous year: € 122.7 million). This solid growth weakened in the course of the first three quarters due to seasonal and covid related effects. The relatively high order backlogs at the end of the first quarter were gradually reduced to a normal level during the second and third quarter. Incoming orders of the fourth quarter are expected to slightly increase. The regional allocation of sales shows a high proportion in Asia. 54 % of sales were generated with customers in Asia. The relatively strong demand in the semiconductor and electronics sector as well as Chinas's quick recovery after the corona lockdown additionally increased the traditionally high Asia proportion. 30 % of sales derived from the EMEA region and 16 % from the Americas.
For the last seven quarters (in € million)
Sales Order entry
The accumulated gross margin 2020 considerably increased to 52.6 % (previous year: 50.0 %). Compared to the previous year, there were no negative special effects from acquisitions, and, at the same time, production had a higher capacity utilization and thus led to lower overhead costs per piece. Furthermore, extraordinarily good success was achieved in reducing the material overheads. In the third quarter, the gross margin decreased to 51.4 % (previous year: 51.2 %). This results from the poorer exchange rates, lower overhead degressions in the manufacturing costs due to reduced sales, as well as an increasingly aggressive price strategy in China.
Development of gross margin (in € million)
Gross Margin Profit € million
Compared to the previous year, earnings before taxes significantly improved by € 5.0 million to € 18.1 million (previous year: € 13.1 million). In addition to the considerable increase of the gross margin, lower material costs due to corona led to the strong increase in results.
For the last seven quarters
The period surplus amounted to € 13.7 million and thus was 47 % over the previous year's value of € 9.3 million. The result per share (diluted/undiluted) amounted to € 1.37 (previous year: € 0.94).
While long-term assets remained on the level of Dec. 31, 2019, short-term assets increased by approximately 3 %, which is mainly due to the increase of liquid assets.
Equity amounted to € 113.6 million (31.12.2019: € 103.0 million) and the equity ratio increased to 61,6 % on September 30, 2020, compared to 56,8 % on December 31, 2019.
The operating cash flow amounted to € 25.0 million (previous year: € 14.0 million). The increase compared to the same period of last year is mainly due to the € 4.4 million increase in profit after tax. Cash flow from investing activities amounted to € -17.9 million (previous year: € -28,6 million). It included payments from earn-out components of M&A transactions of previous financial years amounting to € 7.6 million. Despite these special M&A effects the free cash flow amounted to € 7.1 million (previous year: € -14.6 million). The financial cash flow amounted to € -0.5 million. Compared to the same period of the previous year, however, it is still almost EUR 14 million lower, as treasury shares with an equivalent value of € 21 million were sold.
Cash and cash equivalents increased overall from € 35.2 million (Dec. 31, 2019) to € 41.8 million. The operating net liquidity after deduction of all bank liabilities amounted to € 17.4 million (previous year: € 15.7 million). This high liquidity ensures the financial stability of the company and is the basis for a strong growth strategy.
For the last seven quarters (in € million)
On the reporting date September 30, 2020, the Basler group employed 810 (Dec. 31, 2019: 806) employees (full-time equivalents).
There are no significant changes compared to the information provided in the consolidated financial statements as of December 31, 2019.
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, 2019. Existing risks are continuously monitored and countermeasures are initiated. In the third quarter of 2020 a regular, detailed risk inventory took place in the Basler group which paid special attention to risks and their effects in connection with the corona-pandemic. Business risks due to the corona-pandemic were identified, however, in view of the group's risk bearing capacity their impact was classified as non-critical. Furthermore, counter measures were taken in order to reduce probabilities of occurrences and potential extents of damage.
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 statement as of September 30,2020 has not been audited The same accounting and valuation methods are applied as in the consolidated financial statements as of December 31, 2019.
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 annual financial statements as of December 31, 2019 have not been changed by the corona-pandemic. As of the date of this report, Basler did not perceive a change in the customer's payment behaviour which would have led to a different valuation of trade receivables. No findings that would have led to a revaluation of lease accounting in accordance with IFRS 16 were available as of the reporting date.
The share capital of Basler AG amounted to € 10.5 million on September 30, 2020 and is divided into 10.5 million non-par-value bearer shares at one Euro each.
€ 59.00 OPENING PRICE ON JANUARY 2, 2020
On September 30, 2020, the shareholder structure was as follows:
| 09/30/2020 Number of shares in pieces |
12/31/2019 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 | 1,850 | 1,650 |
| John P. Jennings | 13,500 | 13,500 |
| Dr. Dietmar Ley | 378,882 | 377,382 |
| Hardy Mehl | 5,550 | 4,600 |
On March 11, 2020 - following the resolution of the Management Board on the basis of the existing resolution of the Annual General Meeting from 2019 - the Supervisory Board of Basler AG approved a new resolution on the acquisition of further own shares and informed the capital market on the same day. In the reporting period, the company acquired a total of 7,559 shares and held 494,736 treasury shares or 4.7 % as of the reporting date September 30, 2020. The program is currently suspended.
The basis of the share buyback program was the authorization pursuant to section 71 (1) no. 8 of the AktG dated 16 May 2019, which was renewed on this years' General Meeting on May 26, 2020. According to this, the Company may acquire treasury shares up to a total amount of 10% of the share capital existing at the time of the resolution or, if this amount is lower, of the share capital existing at the time the authorization is exercised. The authorization was valid until the end of 15 May 2024. On March,11 2020, Basler AG held 4.7 % (492,243 shares) of the share capital of 10.5 million shares.
While the authorization allows the company to use the shares for all legally permissible purposes, the planned share buyback program was intended in particular to counteract the development of the low price level in March and to serve as an acquisition currency for the purchase of own shares. The uses of own treasury shares approved by the 2019 Annual General Meeting are explained in detail in the 2019 Annual Report. 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 managed by a credit institution. The credit institution has been instructed, at its own discretion but within the framework of the following provisions, not to buy more than 25 % of the average daily trading volume of the 20 trading days on the respective trading venue prior to the purchase date from the respective daily turnover. In this context, the purchase price per share (excluding ancillary purchase costs) may not exceed or fall short of the share price determined on the trading day by the opening auction in XETRA trading (or a comparable successor system) on the Frankfurt Stock Exchange by more than 10%. The extent to which own shares are actually acquired will depend in particular on market conditions.
The acquisition is carried out 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 delegate regulation (EU) 2016/1052 of the Commission of March 8, 2016 adopted on the basis of Article 5 (6) of the Market Abuse Regulation supplementing regulation (EU) No. 596/2014 of the European Parliament and of the Council by regulatory technical standards for the conditions applicable to buyback programs and stabilization measures ("Delegated Regulation") and the volume limits and other purchase restrictions and publication requirements provided for therein. The Company has the right to suspend or prematurely terminate the share buyback program at any time.
Furthermore, the company has transferred 5,066 shares under the contractually agreed earn-out to the former associates of Silicon Software GmbH in May.
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/Investoren/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
Dr. Dietmar Ley John P. Jennings Arndt Bake Hardy Mehl
CEO CCO CMO CFO/COO
Group´s annual balance sheet according to IFRS for the fiscal year from January 1, 2020 to September 30, 2020
| in € k | 01/01/ - 09/30/2020 | 01/01/ - 09/30/2019 | 07/01/ - 09/30/2020 | 07/01/ - 09/30/2019 |
|---|---|---|---|---|
| Sales revenues | 129,208 | 123,155 | 40,342 | 41,439 |
| currency earnings | 92 | -292 | -67 | 106 |
| Cost of sales | -61,427 | -61,239 | -19,590 | -20,298 |
| Gross profit on sales | 67,873 | 61,624 | 20,685 | 21,247 |
| Other operating income | 570 | 288 | 227 | 130 |
| Sales and marketing costs | -22,557 | -23,239 | -7,413 | -7,807 |
| General administration costs | -12,147 | -11,386 | -3,814 | -3,550 |
| Research and development | ||||
| Full costs | -17,764 | -17,651 | -5,627 | -5,583 |
| Capitalisation of intangible assets | 7,880 | 9,503 | 2,955 | 3,426 |
| scheduled depreciations intangible | -5,223 | -5,134 | -1,557 | -1,748 |
| Research and development | -15,107 | -13,282 | -4,229 | -3,905 |
| Other expenses | -71 | -403 | -49 | -11 |
| Operating result | 18,561 | 13,602 | 5,407 | 6,104 |
| Financial income | 168 | 174 | 92 | 40 |
| Financial expenses | -587 | -654 | -173 | -226 |
| Financial result | -419 | -480 | -81 | -186 |
| Earnings before tax | 18,142 | 13,122 | 5,326 | 5,918 |
| Income tax | -4,472 | -3,844 | -1,287 | -1,414 |
| Group´s period surplus | 13,670 | 9,278 | 4,039 | 4,504 |
| of which are allocated to | ||||
| shareholders of the parent company | 13,670 | 9,278 | 4,039 | 4,504 |
| non-controlling shareholders | 0 | 0 | 0 | 0 |
| Average number of shares | 10,005,458 | 9,890,577 | 10,005,264 | 10,007,757 |
| Earnings per share diluted / undiluted (€) | 1.37 | 0.94 | 0.40 | 0.45 |
Group´s annual balance sheet according to IFRS for the fiscal year from January 1, 2020 to September 30, 2020
| in € k | 01/01/ - 09/30/2020 | 01/01/ - 09/30/2019 |
|---|---|---|
| Group's period surplus | 13,670 | 9,278 |
| Result from differences due to currency conversion, directly recorded in equity |
-450 | 226 |
| Total result, through profit or loss | -450 | 226 |
| Total result | 13,220 | 9,504 |
| of which are allocated to | ||
| shareholders of the parent company | 13,220 | 9,504 |
| non-controlling shareholders | 0 | 0 |
Group's annual balance sheet according to IFRS for the fiscal year from January 1, 2020 to September 30, 2020
| in € k | 01/01/ - 09/30/2020 | 01/01/ - 09/30/2019 | 07/01/ - 09/30/2020 | 07/01/ - 09/30/2019 |
|---|---|---|---|---|
| Operating activities | ||||
| Operating activities | 13,669 | 9,278 | 4,038 | 4,504 |
| Group's period surplus | -86 | 1,012 | 320 | 647 |
| Increase (+) / decrease (-) in deferred taxes | 645 | 729 | 207 | 273 |
| Payout/ incoming payments for interest | 9,632 | 9,453 | 2,942 | 3,273 |
| Depreciation of fixed assets | -450 | 226 | -246 | 181 |
| Change in capital resources without affecting payment | 1,727 | 108 | -1,028 | 295 |
| Increase (+) / decrease (-) in accruals | 0 | 0 | 0 | 0 |
| Profit (-) / loss (+) from asset disposals | -600 | -1,297 | 2,258 | 2,050 |
| Increase (-) / decrease (+) in reserves | -804 | 295 | -214 | -100 |
| Increase (+) / decrease (-) in advances from demand | 1,060 | -5,280 | 4,042 | -1,989 |
| Increase (-) / decrease (+) in accounts receivable | 3,403 | -2,771 | 1,165 | -931 |
| Increase (-) / decrease (+) in other assets | -3,248 | -269 | -3,459 | -1,257 |
| Increase (+) / decrease (-) in accounts payable | 96 | 2,480 | -350 | -256 |
| Net cash provided by operating activities | 25,044 | 13,964 | 9,675 | 6,690 |
| Investing activities | ||||
| Payout for investments in fixed assets | -10,351 | -28,627 | -3,687 | -4,829 |
| Incoming payments for asset disposals | 22 | 36 | 11 | 36 |
| Expenses for acquisitions less cash acquired | -7,578 | 0 | -651 | 0 |
| Net cash provided by investing activities | -17,907 | -28,591 | -4,327 | -4,793 |
| in € k | 01/01/ - 09/30/2020 | 01/01/ - 09/30/2019 | 07/01/ - 09/30/2020 | 07/01/ - 09/30/2019 |
|---|---|---|---|---|
| Financing activities | ||||
| Payout for amortisation of bank loans | -8,338 | -991 | -4,805 | -557 |
| Payout for amortisation of finance lease | -2,119 | -2,107 | -682 | -745 |
| Incoming payment for borrowings from banks | 13,240 | 1,811 | 4,240 | -82 |
| Interest payout | -645 | -729 | -207 | -273 |
| Incoming payment for sale of own shares | 0 | 20,822 | 0 | 0 |
| Payout for own shares | -36 | 0 | 0 | 0 |
| Dividends paid | -2,602 | -5,104 | 0 | 0 |
| Net cash provided by financing activities | -500 | 13,702 | -1,454 | -1,657 |
| Change in liquid funds | 6,637 | -925 | 3,894 | 240 |
| Funds at the beginning of the fiscal period | 35,177 | 31,830 | 37,920 | 30,665 |
| Funds at the end of the fiscal period | 41,814 | 30,905 | 41,814 | 30,905 |
| Composition of liquid funds at the end of the fiscal period | ||||
| Cash in bank and cash in hand | 41,814 | 30,905 | 41,814 | 30,905 |
| Payout for taxes | -2,137 | -4,743 | -1,313 | -2,018 |
Group´s annual balance sheet according to IFRS for the fiscal year from January 1, 2020 to September 30, 2020
| in € k | 09/30/2020 | 12/31/2019 |
|---|---|---|
| Assets | ||
| A. Long-term assets | ||
| I. Intangible assets | 37,223 | 34,506 |
| II. Goodwill | 27,474 | 27,474 |
| III. Fixed assets | 11,672 | 12,601 |
| IV. Buildings and land in finance lease | 16,882 | 18,041 |
| V. Other financial assets | 5 | 5 |
| VI. Deferred tax assets | 652 | 846 |
| 93,908 | 93,473 | |
| B. Short-term assets | ||
| I.Inventories | 21,545 | 20,945 |
| II.Receivables from deliveries and services and from production orders |
18,328 | 19,388 |
| III. Other short-term financial assets | 2,660 | 4,578 |
| IV. Other short-term assets | 1,450 | 1,625 |
| V. Claim for tax refunds | 4,784 | 6,025 |
| VI. Cash in bank and cash in hand | 41,814 | 35,177 |
| 90,581 | 87,738 | |
| 184,489 | 181,211 |
| in € k | 09/30/2020 | 12/31/2019 |
|---|---|---|
| Liabilities | ||
| A. Equity | ||
| I. Subscribed capital | 10,005 | 10,008 |
| II. Capital reserves | 22,398 | 22,398 |
| III. Retained earnings including group's earnings | 81,072 | 70,037 |
| IV. Other components of equity | 88 | 538 |
| 113,563 | 102,981 | |
| B. Long-term debt | ||
| I. Long-term liabilities | ||
| 1. Long-term liabilities to banks | 20,349 | 14,362 |
| 2. Other financial liabilities | 612 | 2,634 |
| 3. Liabilities from finance lease | 11,276 | 13,743 |
| II. Non-current provisions | 880 | 880 |
| III. Deferred tax liabilities | 9,072 | 9,351 |
| 42,189 | 40,970 | |
| C. Short-term debt | ||
| I. Other financial liabilities | 4,119 | 5,282 |
| II. Short-term accrual liabilities | 6,532 | 5,131 |
| III. Short-term other liabilities | ||
| 1. Liabilities from deliveries and services | 7,340 | 10,588 |
| 2. Other short-term financial liabilities | 4,657 | 10,844 |
| 3. Liabilities from finance lease | 3,526 | 3,178 |
| IV. Current tax liabilities | 2,563 | 2,237 |
| 28,737 | 37,260 | |
| 184,489 | 181,211 |
Group´s annual balance sheet according to IFRS for the fiscal year from January 1, 2020 to September 30, 2020
| Other components of equity | ||||||
|---|---|---|---|---|---|---|
| in € k | Subscribed capital |
Capital reserve |
Retained earnings incl. group's earnings |
Differences due to curren cy conversion |
Sum of other components of equity |
Total |
| Shareholders´ equity as of 01/01/2019 |
3,206 | 5,286 | 66,541 | 492 | 492 | 75,525 |
| Total result | 9,278 | 226 | 226 | 9,504 | ||
| Share salesback | 130 | 16,784 | 3,908 | 20,822 | ||
| Capital increase company funds |
6,672 | 328 | -7,000 | 0 | ||
| Dividend outpayment* |
-5,104 | -5,104 | ||||
| Shareholders´equity as of 09/30/2019 |
10,008 | 22,398 | 67,623 | 718 | 718 | 100,747 |
| Total result | 2,414 | -180 | -180 | 2,234 | ||
| Shareholders´equity as of 12/31/2019 |
10,008 | 22,398 | 70,037 | 538 | 538 | 102,981 |
| Total result | 13,670 | -450 | -450 | 13,220 | ||
| Share salesback | -3 | -33 | -36 | |||
| Dividend outpayment** |
-2,602 | -2,602 | ||||
| Shareholders´equity as of 09/30/2020 |
10,005 | 22,398 | 81,072 | 88 | 88 | 113,563 |
* 0,51 € per share
** 0,26 € per share
| Date | Event | Venue |
|---|---|---|
| 11/16/2020-11/17/2020 | Deutsches Eigenkapitalforum 2020 (German Equity Forum) |
Virtual organized by Deutsche Börse, Frankfurt |
| Date | Event | Venue |
|---|---|---|
| 10/27/2020-10/28/2020 | Collaborative Robos, Advanced Vision & Al Conference | San Jose, USA |
| 11/16/2020-11/18/2020 | analytica China | 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]
BASLER VISION TECHNOLOGIES TAIWAN INC.
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]
Basler Vision Technology (Beijing) Co., Ltd 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] [email protected]
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