euro adhoc: Basler Vision Technologies AG
quarterly or semiannual financial
statement
Basler: Turnover and Earnings Growth in the Second Quarter 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.08.2006
Basler: Turnover and Earnings Growth in the Second Quarter 2006 . Final second quarter figures confirm Euro 12.9 million turnover - a 19% increase over the first quarter . Incoming orders in the second quarter 2006 30% higher than in the previous quarter . Net result reaches Euro 1.1 million (Q2/2005: Euro 0.4 million) . 2006 forecast: turnover approx. Euro 53 million (+18% compared to 2005), net result approx. Euro 4 million (+67% compared to 2005)
Basler AG, one of the leading vision technology companies, has published its final second quarter 2006 figures confirming further growth in turnover, net earnings and incoming orders. Turnover amounted to Euro 12.9 million - an 19% increase over the previous year's period (Q2/2005: Euro 10.8 million). The second quarter net result amounted to Euro 1.1, exceeding the previous year's second quarter by as much as 175% (Q2/2005: Euro 0.4 million). Incoming orders reached a record high in the second quarter, rising by 30% to Euro 17.6 million (Q2/2005: Euro 13.5 million). Overview of key figures:
|In million Euro |Q2/2006 |Q2/2005|+/- | |Turnover |12.9 |10.8 |+19% | |Incoming orders |17.6 |13.5 |+30% | |Gross margin |57% |45% |+12% | |Net result |1.1 |0.4 |+175% | |Earnings per share |0.32 |0.12 | | |(in Euro) | | | |
These figures confirm the company's continuing growth trend in the second quarter. Turnover, earnings and incoming orders even increased in six-month comparison. Overview of the first six months' figures:
|In million Euro |1st six |1st six |+/- | | |months |months | | | |2006 |2005 | | |Turnover |22.9 |21.2 |+8% | |Incoming orders |30.1 |23.6 |+28% | |Gross margin |55% |48% |+7% | |Net result |1.5 |1.1 |+36% | |Earnings per shares |0.43 |0.31 | | |(in Euro) | | | |
We expect this positive growth trend to continue in the second half of the year. Due to the high average order volume especially in the Vision Systems division (inspection systems for industrial mass production), date-related fluctuations may occur in the incoming order and turnover fields.
In the course of the year, the Vision Systems division will continue to benefit from high demand in the flat screen market. In this area, we expect further orders via our new colour-filter inspection product lines. In addition, with over 90 installed systems and a market share of over 60%, we expect to hold our ground as market leader in the display glass inspection field.
Demand for digital high-performance cameras in the Vision Components division is growing unabated. Second-quarter turnover and incoming orders have reached record levels, growing by 63% and 39% respectively. This is the result of our extended product portfolio, the expansion of our distribution network and favourable market conditions in our main target markets. Basler introduced further new products in the course of the second quarter: "Basler scout" and "Basler pioneer", two new camera families, comprise more than 30 products, making Basler's the most extensive portfolio of cameras with the new gigabit ethernet data transfer standard. Serial production of the new camera families will commence in the third quarter.
In consideration of our positive market prospects, we are confirming our upward adjustment of the overall 2006 forecast which we carried out on 11 July. According to this forecast, we expect a turnover of approx. Euro 53 million (2005: Euro 45 million, +18%) with a net profit of approx. Euro 4 million (2005: Euro 2.4 million, +67%). As a result, the earnings per share would increase from Euro 0.68 in the previous year to Euro 1.14.
end of announcement euro adhoc 10.08.2006 06:57:57
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, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade