Basler AG, DE0005102008

Basler AG, DE0005102008

05.11.2018 - 06:32:48

Basler AG: Business figures for the first nine months of 2018: Basler closes the first nine months of 2018 along its sales forecast at increased profitability

Corporate News Business figures / Nine-Month Report

Business figures for the first nine months of 2018: Basler closes the first nine months of 2018 along its sales forecast at increased profitability

- Incoming orders: Euro 112.2 million (previous year: Euro 126.4 million, -11 %)

- Sales: Euro 116.4 million (previous year: Euro 121.1 million, -4 %)

- EBITDA: Euro 31.0 million (previous year: Euro 36.0 million, -14 %)

- Pre-tax result: Euro 23.2 million (previous year: Euro 28.8 million, -19 %)

- Pre-tax margin: 20 % (previous year: 24 %)

- Free cash flow incl. acquisition of Silicon Software GmbH: Euro -3.8 million (previous year:   Euro 18.1 million)

Ahrensburg, November 05, 2018 - BASLER AG, the leading global manufacturer of industrial cameras, is presenting today its final figures for the first nine months of 2018.

In the first nine months of 2018, the group's incoming orders amounted to Euro 112.2 million (previous year: Euro 126.4 million, -11 %). The group's sales of Euro 116.4 million were 4 % below the previous year's level (Euro 121.1 million) at a stable gross profit margin of 49.7 % (previous year: 50.6 %). As expected, the earnings before taxes (EBT) for the group decreased by 19 % to Euro 23.2 million (previous year: Euro 28.8 million). The pre-tax return rate amounted to 20 % (previous year: 24 %). At the end of the quarter, the free cash flow amounted to Euro -3.8 million including the acquisition of Silicon Software GmbH (previous year: Euro 18.1 million).

So far, the financial year 2018 for the Basler group went according to expectations and along the forecast communicated to the capital market. The profitability in the first nine months was even higher than expected and recently led to an increase of the guidance for the pre-tax return rate. On the one hand this is due to a higher gross profit margin and on the other hand to lower personnel and other operating expenses. Despite the relatively weak third quarter, the management expects a stabilization in the fourth quarter and a seasonal recovery at the beginning of 2019. Even if the current macroeconomic conditions have dampening effects and the market for image processing components regresses compared to the very strong previous year, the management has a positive outlook on the future. Basic growth drivers such as automation, image processing in new application fields outside the factory as well as the networking of intelligent machines and products are intact. The management confirms the recently specified and increased forecast for the total financial year. According to this, the group's sales 2018 will be within a corridor of Euro 145 - 155 million at a pre-tax profit margin of 15 - 17 % taking into account the proportionate sales revenues resulting from the acquisition of Silicon Software GmbH.

The full nine-month report 2018 can be seen on the company's website (www.baslerweb.com).

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 650 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)4102-463101, ir@baslerweb.com, www.baslerweb.com, ISIN DE 0005102008

 

05.11.2018 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

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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

740941  05.11.2018 

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