Basler AG

Earnings Release • May 7, 2013

News Details

Corporate | 7 May 2013 06:54

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

Basler AG / Key word(s): Quarter Results

07.05.2013 / 06:54

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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 %)

Ahrensburg, May 07, 2013, – 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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Basler is a leading developer and manufacturer of high grade digital cameras for applications in industry, video surveillance, medicine, and traffic. Product development is driven by industry requirements. The cameras provide easy integration, compact sizes, and an outstanding price/performance ratio. Basler has more than 25 years of experience in image processing and has been developing and producing high grade digital cameras for 15 years. The company employs approximately 350 employees in its headquarters in Ahrensburg, Germany, and in the subsidiaries in the USA, Singapore, Taiwan, and Korea.

Basler AG, Dr. Dietmar Ley (CEO), An der Strusbek 60 – 62, D-22926 Ahrensburg, Tel. +49 – 4102- 463 100, ir/baslerweb.com, www.baslerweb.com , ISIN DE 0005102008

End of Corporate News

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Language:	English
Company:	Basler AG
	An der Strusbek 60-62
	22926 Ahrensburg
	Germany
Phone:	04102-463 0
Fax:	04102-463 109
E-mail:	ir@baslerweb.com
Internet:	www.baslerweb.com
ISIN:	DE0005102008
WKN:	510200
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News	DGAP News-Service

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209913  07.05.2013