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Basler Vision Technologies AG

euro adhoc: Basler Vision Technologies AG
Basler Achieves Turnaround and Expects Profitable Growth (E)

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  The issuer is responsible for the content of this announcement.
Basler Achieves Turnaround and Expects Profitable Growth
Euro 35.7 mill. turnover 2003 - increased by +34% on 2002
Euro 44.9 mill. incoming orders 2003 - up +55% on 2002
Turnaround completed in 2003: earnings before tax Euro +0.7 mill.
(2002: Euro -3.5 mill.)
Prognosis for 2004: turnover approx. Euro 42 mill., earnings before
tax from Euro +1.5 to 2.0 mill.
Ahrensburg, 05.03.2004 - Basler AG, the leading company in the sector
of vision technology, the technology of artificial vision,
significantly increased turnover and incoming orders in 2003 on the
previous year’s performance, successfully implementing turnaround.
Turnover was increased by 34% to Euro 35.7 mill. in 2003 (2002: Euro
26.7 mill.). Both company segments contributed to this turnover
growth. Vision Components (high-performance cameras for industrial
applications) increased turnover by 49% from Euro 8.7 mill. (2002) to
Euro 13.0 mill. (2003). Vision Systems (ready-to-use inspection
systems for mass production) increased sales by 27% to Euro 22.7
mill. (2002: Euro 17.9 mill.). The turnover growth was mostly
generated by product innovations and led to an increase in the market
share on all target markets.
In view of the increased sales and an optimized cost structure,
earnings before tax came to Euro +0.7 mill. in 2003 (2002: Euro -3.5
mill.). Due to losses brought forward from previous years, the tax
result amounts to Euro +2.2 mill., making clearly positive net
earnings of Euro +3.0 mill. (2002: Euro -3.5 mill.). Both company
segments played a role in this development: Vision Components
generated earnings before interest, tax and dividends of Euro +1.4
mill. (2002: Euro -0.3 mill.), and Vision Systems achieved earnings
before interest, tax and dividends of Euro +0.5 mill. (2002: Euro
-4.3 mill.). The overall earnings per share were Euro +0.85 (2002:
Euro -1.00). Basler thus made profits for the first time in three
years in 2003, successfully implementing turnaround. Cash flow from
current business operations was also positive in 2003, at EUR 2.3
mill. as of 31.12.2003 compared to Euro -3.6 mill. in the previous
year.
Incoming orders continued on a positive course. A total value of Euro
44.9 mill. of incoming orders was booked in 2003 - a rise of 55%
compared to the previous year (2002: Euro 29.0 mill.). Vision
Components received incoming orders to a value of Euro 13.6 mill.
(2002: Euro 8.4 mill., +62%) and Vision Systems booked incoming
orders for Euro 31.3 mill. (2002: Euro 20.6 mill., +52%).
Based on the positive trend for incoming orders and an unchanged
positive assessment of the potential of the growth market for vision
technology, Basler anticipates turnover growth to approx. Euro 42
mill. in 2004, and an increase in EBT to between Euro +1.5 and +2.0
mill.
The Annual Report is available to download at www.baslerweb.com.
end of announcement        euro adhoc 05.03.2004

Further inquiry note:

Christian Höck
Tel.: +49 (0)4102 463 175
E-Mail: christian.hoeck@baslerweb.com

Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

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