<

BASLER AG (FRA:BSL) Basler AG: Business figures for the first nine months of 2020: Basler grows at high profitability and narrows its forecast at the upper end of the corridor

Transparency directive : regulatory news

05/11/2020 07:30

DGAP-News: Basler AG / Key word(s): 9 Month figures
Basler AG: Business figures for the first nine months of 2020: Basler grows at high profitability and narrows its forecast at the upper end of the corridor

05.11.2020 / 07:30
The issuer is solely responsible for the content of this announcement.


Corporate News
Business fingures / nine month report

Business figures for the first nine months of 2020:
Basler grows at high profitability and narrows its forecast at the upper end of the corridor

- Incoming orders: € 128.3 million (previous year: € 122.7 million, +5 %)

- Sales: € 129.2 million (previous year: € 123.2 million, +5 %)

- EBITDA: € 28.2 million (previous year: € 23.1 million, +22 %)

- Pre-tax result: € 18.1 million (previous year: € 13.1 million, +38 %)

- Pre-tax return rate: 14.0 % (previous year: 10.6 %)

- Period surplus: € 13.7 million (previous year: € 9.3 million, +47 %)

- Free cash flow: € 7.1 million (previous year: € -14.6 million)

Ahrensburg, November 5, 2020 - BASLER AG, the leading global manufacturer of industrial cameras, is presenting today final figures for the first nine months of 2020.

The Basler group closed the first nine months with very positive results and thus laid a solid foundation for achieving the sales and profitability forecast for the full financial year 2020.

Compared to the same period of 2019, sales increased by 5 % to € 129.2 million (previous year: € 123.2 million). Incoming orders also increased by 5 % to € 128.3 million (previous year: € 122.7 million). The strong growth of the first quarter weakened in the course of the second and third quarter.

Even during the turbulent corona times, Basler developed better than the industry which reported a significant decrease in the first nine months. 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. According to VDMA, incoming orders of the industry even decreased by 10 % in the same period of time.

Compared to the previous year, the pre-tax result increased by € 5.0 million to € 18.1 million (previous year: € 13.1 million). Thus, the pre-tax return rate amounted to 14 % in the first nine months.

The free cash flow as sum of the cash flow from operating activities and cash flow from financing activities amounted to € 7.1 million (previous year: € -14.6 million).

The management assumes the incoming orders to seasonally increase towards the end of the year. However, the Basler group expects relatively weak sales and results for the fourth quarter. Additionally, in view of the increasing number of infections, risks in the sales and procurement markets will increase again.

These developments have already been anticipated in the business planning. Thus, the Basler management solidifies its forecast at the upper end as follows: group's sales € 165 million at a pre-tax return rate of 10 %.

Even if the current macroeconomic conditions have strong dampening effects, in principle, 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.

Basler is a leading international manufacturer of high-quality imaging components for computer vision applications. In addition to classic area scan and line scan cameras, lenses, frame grabbers, light modules, and software, the company offers embedded vision modules and solutions, 3D products, as well as customized products and consulting services. Basler's products are used in a variety of markets and applications, including factory automation, medical, logistics, retail, and robotics. They are characterized by high reliability, an excellent price/performance ratio, and long-term availability. Founded in 1988, the Basler Group employs around 800 people at its headquarters in Ahrensburg and other locations in Europe, Asia and North America. Thanks to its worldwide sales and service organization and cooperation with renowned partners, it offers solutions that fit for customers from a wide range of sectors

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




Contact:
Basler AG
Verena Fehling
Tel. +49 4102 463 101
Email: Verena.fehling@baslerweb.com


05.11.2020 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
EQS News ID: 1145654

 
End of News DGAP News Service

1145654  05.11.2020 

fncls.ssp?fn=show_t_gif&application_id=1145654&application_name=news&site_id=symex


Other stories

28/03/2024 18:00
28/03/2024 12:25
28/03/2024 16:55
28/03/2024 17:37
28/03/2024 13:03
28/03/2024 20:53
28/03/2024 20:53
28/03/2024 10:29
27/03/2024 23:52
28/03/2024 20:14
28/03/2024 16:34
28/03/2024 17:33
28/03/2024 18:38
28/03/2024 09:33
28/03/2024 20:23
28/03/2024 19:49
28/03/2024 20:51
28/03/2024 09:59
27/03/2024 15:52
28/03/2024 14:28
28/03/2024 13:31
27/03/2024 17:41
28/03/2024 18:47
28/03/2024 19:00
28/03/2024 13:11
28/03/2024 16:22
28/03/2024 19:55
28/03/2024 15:27
28/03/2024 13:29
28/03/2024 20:52
27/03/2024 21:46
28/03/2024 17:55
27/03/2024 13:40
28/03/2024 17:23
28/03/2024 13:25
28/03/2024 12:57
28/03/2024 16:44
28/03/2024 02:42