euro adhoc: Basler AG
quarterly or semiannual financial statement
Basler -
Mixed start to the 2nd half of the year
- At EUR 12.4 million, 3rd quarter turnover is below previous year's level
(EUR 15.1 million)
- Net 3rd quarter results: EUR -0.6 ...
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
08.11.2007
Ahrensburg, 8 November 2007 - Basler AG, one of the most eminent vision technology specialists worldwide, achieved 3rd quarter 2007 turnover of EUR 12.4 million (Q3/2006: EUR 15.1 million). Turnover in the first nine months of the year amounted to EUR 36.8 million (Q1-Q3/2006: EUR 38.0 million). Earnings before taxes in the past quarter came to EUR -0.6 million (Q3/2006: EUR 2.3 million) and, on an accumulated basis, to EUR -0.4 million (Q1-Q3/2006: EUR 5.0 million). Incoming orders exceeded the previous year's quarter by 25%, rising to EUR 13.1 million (Q3/2007: EUR 10.5 million). So far, incoming orders in the financial year totalled EUR 39.4 million (Q1-Q3/ 2006: EUR 41.9 million). Crucial factors in the third quarter were record turnover in the component business, weak turnover in the systems business and the US dollar's decline against the euro which had a negative effect on Basler's business. Overview of relevant figures:
|In million euros |Q3/ |Q3/ |+/- % |Q1 - 3 |Q1 - 3 |+/- % | | |2007 |2006 | |2007 |2006 | | |Turnover |12.4 |15.1 |-18% |36.8 |38.0 |-3% | |Incoming orders |13.1 |10.5 |+25% |39.4 |41.9 |-6% | |Gross margin (in %) |46 |52 |-6 |46 |53 |-7 | | | | |percent| | |percent| | | | |-age | | |-age | | | | |points | | |points | |Earnings before taxes |-0.6 |2.3 |-126% |-0.4 |5.0 |-108% |
3rd quarter 2007 turnover in the component business (Vision Components) exceeded the previous year by 33%, rising to a record level of EUR 7.7 million (Q3/2006: EUR 5.8 million). Turnover in the first three quarters amounted to EUR 21.1 million (Q1-Q3/2006: EUR 17.4 million, +21%). Incoming orders also reached a new peak at EUR 7.6 million, exceeding the previous year by 33% in the third quarter (Q3/2006: EUR 5.7 million). On an accumulated basis, incoming orders exceeded the previous year by 24%, rising to EUR 22.2 million (Q1- Q3/2006: EUR 17.9 million). Earnings before interest and taxes in the components segment came to EUR 0.8 million in the third quarter (Q3/2006: EUR 1.4 million); in the first three quarters, it amounted to EUR 2.8 million (Q1- 3/2006: EUR 4.6 million). 3rd quarter turnover in the systems business (Vision Systems) totalled EUR 4.7 million (Q3/2006: EUR 9.3 million), declining by 49% compared to the record figure of the previous year's quarter. Turnover in the first three quarters came to EUR 15.7 million (Q1-Q3/2006: EUR 20.6 million), representing a 24% decline. At EUR 5.5 million, incoming orders in the Vision Systems segment in the third quarter exceeded the previous year's level by 15% (Q3/2006: EUR 4.8 million). In the period under review, the solar industry product line made a very welcome contribution to the company's incoming orders position. We acquired the previously announced first bulk order from one of the leading global solar wafer producers, thereby creating a firm basis for further growth in this sunrise industry. On an accumulated basis, incoming orders in the financial year 2007 so far amounted to EUR 17.3 million (Q1-Q3/2006: EUR 24 million, -28%). Third quarter 2007 earnings before taxes and interest came to EUR -0.9 million (Q3/2006: EUR 0.9 million, -200%). The segment result of the first three quarters amounted to EUR -2.6 million (Q1 - 3/2006: EUR 0.7 million). Owing to the volume and the margin structure of the order bank, we expect in the period under review significantly higher turnover and gross earnings in the fourth quarter of the financial year 2007. Assuming stable operating expenses, we therefore anticipate significantly positive earnings before taxes. Based on a narrower turnover band between EUR 51 million and EUR 53 million (2006: EUR 52.1 million), our plan now specifies pre-tax earnings between EUR 2 million and EUR 3 million in 2007 (2006: EUR 4.9 million).
The quarterly report is available online and for download. Basler AG, Dietmar Ley (CEO), An der Strusbek 60-62, 22926 Ahrensburg, Tel. +49(0)4102-463100, ir@baslerweb.com, www.baslerweb.com, ISIN DE 0005102008
end of announcement euro adhoc 08.11.2007 07:09:52
Further inquiry note:
Verena Fehling
Assistant to the Board
Telefon: +49(0)4102 463-100
E-Mail: Verena.Fehling@baslerweb.com
Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX
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