EANS-News: Basler AG reports business figures for the first quarter of 2012:
Start into new fiscal year slightly exceeding expectations
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3-month report
Ahrensburg (euro adhoc) - Compared to previous quarters, demand in camera
business is growing, demand in solutions business is declining as expected
- Incoming orders for the first quarter of 2012: EUR 13.6 million (previous
year: EUR 17.2 million, -21 %)
- Sales for the first quarter of 2012: EUR 12.3 million (previous year: EUR 13.7
million, -10 %)
- EBIT for the first quarter of 2012: EUR 1.2 million (previous year: EUR 2.0
million, -40 %)
- Earnings before taxes for the first quarter of 2012: EUR 1.0 million (previous
year: EUR 1.6 million, -38 %)
- Operating cash flow for the first quarter of 2012: EUR 1.4 million (previous
year: EUR 2.2 million, -36 %)
BASLER AG, one of the leading global companies in vision technology, is
presenting today the figures for the first quarter of 2012.
Due to generally less favorable economic conditions and a weaker demand in the
solutions business, the group figures for incoming orders, sales, and earnings
were below the previous year's values. Compared to the results of the fourth
quarter of 2011 the figures improved. The plan for the first three months of
2012 which was made in the fourth quarter of 2011 was slightly exceeded. This is
mainly due to the increase in incoming orders in the core business with digital
cameras compared to the previous quarters.
Incoming orders for the group decreased by 21 % in the first quarter of 2012,
reaching EUR 13.6 million (previous year: EUR 17.2 million). Incoming orders in
the camera business returned to the previous year's level, whereas orders in the
solutions business strongly decreased due to the weak economic situation in the
LCD market. The sales amounted to EUR 12.3 million in the reporting period which
is 10 % below the previous year's figure of EUR 13.7 million. This decline is
also due to the solutions business.
The earnings before taxes (EBT) summed up to EUR 1.0 million in the first
quarter of 2012 (previous year: EUR 1.6 million). The pre-tax return amounted to
8.1 % (previous year: 11.7 %) and was thus at the top end of the forecast
corridor of 6 - 8%. The earnings before interest and taxes (EBIT) amounted to
EUR 1.2 million (previous year: EUR 2.0 million). The return before taxes and
interest calculated to 9.8 % (previous year: 14.6 %).
The operating cash flow amounted to EUR 1.4 million in the reporting period
(previous year: EUR 2.2 million). Cash and cash equivalents summed up to EUR 5.6
million at the end of the reporting period (previous year: EUR 7.7 million).
"Basler AG started better than expected into the new fiscal year 2012. After two
quarters of lower volumes in incoming orders, the strong orders in our core
business with digital cameras make us confident for the further course of the
fiscal year", explains Dr. Dietmar Ley, CEO.
Due to the existing global economic uncertainties, for the time being the
Management Board reaffirms its annual forecast. Accordingly, in fiscal year 2012
Basler AG will realize a group turnover between EUR 50 million and EUR 54
million (previous year: EUR 55.6 million) and a pre-tax return of 6 % - 8 %
(previous year: 10.2 %).
Basler AG is developer and manufacturer of high-quality cameras for applications
in industrial mass production, in medical and traffic technology as well as in
video surveillance. Basler has more than 20 years of experience in image
processing and offers one of the widest camera 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, and, Korea.
The three-month report can be downloaded from www.baslerweb.com/financial
reports.
Further inquiry note:
Verena Fehling
Investor Relations
Telefon: +49(0)4102 463-100
E-Mail: ir@baslerweb.com
end of announcement euro adhoc
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company: Basler AG
An der Strusbek 60-62
D-22926 Ahrensburg
phone: +49 (0) 4102 463 0
FAX: +49 (0) 4102 463 108
mail: info@baslerweb.com
WWW: http://www.baslerweb.com
sector: Semiconductors & active components
ISIN: DE0005102008
indexes: CDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English