13.08.2018
Basler AG DE0005102008
DGAP-News: Basler AG: Business figures for the first six months of 2018: Basler closes first half year with slight sales growth and high profitability
DGAP-News: Basler AG / Key word(s): Half Year Results
Basler AG: Business figures for the first six months of 2018: Basler closes
first half year with slight sales growth and high profitability
13.08.2018 / 09:53
The issuer is solely responsible for the content of this announcement.
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Corporate News
Business figures / Six-month report
Business figures for the first six months of 2018:
Basler closes first half year with slight sales growth and high
profitability
- Incoming orders: Euro 79.8 million (previous year: Euro 100.4 million, -21
%)
- Sales: Euro 83.4 million (previous year: Euro 78.5 million, +6 %)
- EBITDA: Euro 24.4 million (previous year: Euro 23.0 million, +6 %)
- EBT: Euro 19.2 million (previous year: Euro 18.2 million, +5 %)
- Earning before tax: 23 % (previous year: 23 %)
- Free cash flow: Euro 5.9 million (previous year: 4.1 million, +44 %)
Ahrensburg, August 13, 2018 - BASLER AG, the leading global manufacturer of
industrial cameras, is presenting today final figures for the first six
months of 2018.
In the first six months of 2018 the group's incoming orders amounted to Euro
79.8 million (previous year: Euro 100.4 million, -21 %). The group's sales
of Euro 83.4 million were 6 % above the previous year's level (Euro 78.5
million) at a slightly increased gross profit margin of 50.6 % (previous
year: 50.3 %). The earnings before taxes (EBT) for the group increased by 5
% to Euro 19.2 million (previous year: Euro 18.2 million). The pre-tax
return rate amounted to 23 % (previous year: 23 %). The free cash flow was
at a level of Euro 5.9 million (previous year: Euro 4.1 million).
In an as expected more quiet market environment than last year, Basler group
has developed positively and according to plan in the first six months of
2018. As foreseen, the previous quarter's extraordinarily strong momentum of
the capital goods markets for the electronics industry was not repeated.
Nevertheless, a 6 % increase of sales led to renewed expansion of the market
position as well as to high profitability and free cash flow. However,
weaker demand combined with shorter delivery times compared to the previous
year, due to increased production capacity, led to a decline in incoming
orders year-on-year. In total, incoming orders were on a planned level and
the underlying growth trends of the industry are intact.
So far, as expected, the fiscal year 2018 has developed positively along the
forecast communicated to the capital market. The growth targets were
achieved. In the first six months, profitability was higher than expected
due to a positive development of the gross margin and an employee recruiting
program slower than planned. The management expects a seasonally slight
slowdown of business for the second half of 2018 and confirms the current
forecast according to which the group's sales 2018 will be within a corridor
of Euro 145 - 160 million at a pre-tax return margin of 13 - 15 %. The
acquisition of Silicon Software GmbH is expected to contribute approximately
Euro 5 million to the group sales in the second half of the year. Based on
positive results and positive outlook the management will continue to go
ahead with the recruiting program in the coming months.
The full six-month report 2018 can be seen on the company's website
(www.baslerweb.com).
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Basler is a leading manufacturer of high-quality cameras and camera
accessories for industry, medicine, traffic and a variety of other markets.
The company's product portfolio encompasses area scan and line scan cameras
in compact housing dimensions, camera modules in board level variants for
embedded solutions, and 3D cameras. The catalog is rounded off by our
user-friendly pylon SDK plus a broad spectrum of accessories, including
several developed specially for Basler and optimally harmonized for our
cameras. Basler has three decades of experience in computer vision. The
company is home to approximately 600 employees, at its headquarters in
Ahrensburg, Germany, and at its subsidiaries and sales offices in Europe,
Asia, and North America.
Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg,
Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE
0005102008
Contact:
Basler AG
Verena Fehling
Tel. +49 4102 463 101
Email: [email protected]
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13.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
Internet: www.baslerweb.com
ISIN: DE0005102008
WKN: 510200
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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