Basler AG

Capital/Financing Update • Jun 24, 2003

News Details

Corporate | 24 June 2003 15:01

Basler AG english

Basler concludes long-term agreement with financial partners Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Basler concludes long-term agreement with financial partners – Growth finance agreed up to December 2004 with banks and senior shareholders Ahrensburg, 24.06.2003 Basler AG, a leading company in the field of vision technology, has today signed a long-term agreement with its banks and senior shareholders for the finance of projected organic growth. The agreement runs until December 2004 and includes the provision of new credit facilities alongside the prolongation and increase of existing shareholders’ loans. “This agreement demonstrates that our financial partners have confidence in the continued positive development of our company, states CFO Peter Krumhoff as the agreement comes into effect. “It is also a reflection of our current positive order levels and sales trends, he continues. This follows on the reiteration at last week’s General Meeting by the Ahrensburg high-tech company’s Management Board of its plans to achieve a turn-around in results for the 2003 financial year. After Basler recorded a loss of -3.5 million Euro on sales of 26.7 million Euro in 2002, the projections for this year are sales of more than 30 million Euro and a break-even result. Basler AG develops, produces and markets Vision Technology worldwide – the technology on which artificial vision systems are based. The components, systems, and services are optimally designed to meet customer application needs and play a key role in optimizing the industrial production process. Key markets for Basler systems are the optical media industry, the rubber and elastomere industry, the display industry and the plastic foil industry. Furthermore Basler adresses the machine vision industry with high performance components, like cameras. For further information please contact: Basler AG An der Strusbek 60-62 22926 Ahrensburg Christian Höck Corporate Communications Tel. 04102 463 175 Fax: 04102 463 108 mailto:christian.hoeck@baslerweb.com http://www.baslerweb.com end of message, (c)DGAP 24.06.2003 ——————————————————————————– WKN: 510200; ISIN: DE0005102008; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 241501 Jun 03