EANS-News: Basler AG
Basler AG starts successfully into the year 2011
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quarterly report
Ahrensburg (euro adhoc) - Press release Financial figures / quarterly report
- Incoming orders Q1/2011: EUR 17.2 million (previous year: EUR 12.2 million, +41 %) - Sales Q1/2011: EUR 13.7 million (previous year: EUR 9.3 million, +47 %) - Earnings before taxes Q1/2011: EUR 1.6 million (previous year: EUR 0.4 million, +300 %) - Return before taxes Q1/2011: 11.7 % (previous year: 4.7 %; +7.0 percentage points) - Operating cash flow Q1/2011: EUR 2.2 million (previous year: EUR 0.3 million, +633 %)
Ahrensburg, May 02, 2011 - BASLER AG, one of the global leading companies of vision technology, is presenting today the final figures for the first quarter of 2011.
The business development during the reporting period was successful. Against the background of positive economic general conditions on the global markets and a further improving own market position, the sales of digital cameras and LCD inspection solutions increased compared to the previous year's period. Incoming orders, sales, earnings before taxes, and cash flow were significantly above the comparison values reached in 2010.
Incoming orders increased by 41 % in the first quarter, reaching EUR 17.2 million (previous year: EUR 12.2 million). This is the third highest value ever reached in the company's history. The sales amounted to EUR 13.7 million in the reporting period which is 47 % above the previous year's figure of EUR 9.3 million.
The earnings before taxes (EBT) summed to EUR 1.6 million in the first quarter of 2011. This is an increase of 300 % compared the previous year's figure of EUR 0.4 million. The return before taxes increased from 4.7 % in the previous year to 11.7 %. The earnings before interest and taxes (EBIT) amounted to EUR 2.0 million (previous year: EUR 0.8 million, +150 %). The return before taxes and interest was calculated to 14.4 % (previous year: 9.1 %).
The operating cash flow increased significantly in the reporting period to EUR 2.2 million (previous year: EUR 0.3 million). The free cash flow (calculated as operating cash flow less cash flow from investment)amounting to EUR 0.3 million in the first quarter was positive (previous year: EUR -1.6 million).
At the end of the reporting period, liquid assets amounted to EUR 7.7 million and were thus by 57 % above the figure of the comparison period in the previous year (EUR 4.9 million). Compared to December 31, 2010, funds available decreased by 15 % auf .
"The first quarter demonstrated that our strategy is bearing fruit. In our business with digital cameras we reached new record levels regarding incoming orders, sales, and result and we are growing significantly faster than the market. Our business with LCD inspection solutions also took off well and contributes positively again to the group's result", explains Dr. Dietmar Ley, CEO.
Based on these pleasant results the Management Board increased on April 21, 2011, the forecast for fiscal year 2011 on occasion of the release of the preliminary figures for the first quarter. The reults of the first quarter can, however, not be projected to the fiscal year as the risk for a continued economic upturn has increased recently and because the assessment of the market conditions for the second half-year of 2011 is accordingly still subject to uncertainty. Under the assumption of continuous market development, the company assumes in its current view a turnover within a corridor of EUR 54 to 58 million (previous forecast: EUR 53 to 58 million; previous year: EUR 51.0 million) and earnings before taxes not below EUR 5.4 million (previous forecast: EUR >5 million; previous year: EUR 5.0 million) for fiscal year 2011.
Basler AG develops and manufactures digital cameras for industrial applications and video surveillance. Moreover, Basler produces surface inspection solutions for applications in the LCD industry. Basler has more than 20 years of experience in image processing and offers one of the widest product portfolios in the industry. The company employs approximately 300 employees in its headquarters in Ahrensburg, Germany, and in the subsidiaries in the USA, Singapore, Taiwan, Korea, and Japan.
The quarterly report can be downloaded from www.baslerweb.com/finanzberichte. Basler AG, Dr. Dietmar Ley (CEO), An der Strusbek 60 - 62, D-22926 Ahrensburg, Tel. +49 - 4102- 463 100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008
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Contact:
Verena Fehling
Investor Relations
Telefon: +49(0)4102 463-100
E-Mail: ir@baslerweb.com
Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX
Börsen: Frankfurt / regulated dealing/prime standard
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