euro adhoc: Basler AG
Financial Figures/Balance Sheet
Basler announces
financial figures for 2007: Turnover on previous year's level,
earnings suffering from downward trend in the flat screen industry; turnover
and earnings in the fourth quarter si
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annual report
12.03.2008
Ad hoc announcement according to §15 WpHG Financial Figures / Annual Accounts
Ahrensburg, 12 March 2008 - Basler AG, one of the most innovative high-growth companies in Vision Technology, today published its audited Annual Report for 2007. The figures at a glance:
|in millions of Euros |2007 |2006 |+/- % | |Turnover |51.5 |52.1 |-1% | |Incoming Orders |56.6 |57.5 |-2% | |Gross Results |25.3 |27.3 |-7% | |Gross Margin (in %) |49 |52 |-3 percentage | | | | |points | |Net Results |1.1 |3.0 |-63% | |Earnings per Share (in |0.31 |0.85 |-64% | |Euros) | | | | In the fiscal year 2007, the components business experienced a double-digit growth in turnover and incoming orders whereas in the solutions business those two figures declined significantly. Unfavorable developments of the exchange rate between the Euro and the US Dollar and production-related additional costs in the components business affected the result. In the fourth quarter, the group's turnover increased by 5% to EUR 14.7 million compared to the previous year's quarter. Hence, in terms of turnover, the fourth quarter was by far the most successful quarter of the fiscal year 2007. In Q4/2007, incoming orders amounting to EUR 16.4 million also improved considerably compared to the previous year (2006: EUR 14.6 million; +12%). Earnings before taxes amounted to EUR 2.2 million (Q4/2006: EUR -64 million) Only ten years after its foundation, the Basler Components business unit (industrial digital cameras) generated more than half of the group's turnover. As a result of its strong growth in an otherwise stagnant market, Basler Components has become the world's number two in the market for digital camera solutions for capital goods manufacturers in 2007. Hence, the components business remains the most important growth driver within the Basler group. The Basler Components figures at a glance: |in millions of Euros |2007 |2006 |+/- % | |Turnover |27.5 |23.3 |+18% | |Incoming Orders |30.7 |24.7 |+24% | |EBIT |3.0 |4.3 |-30% |
Turnover in the Basler Solutions business unit (turnkey inspection systems for mass production) fell by approximately 17% to EUR 24.0 million in the fiscal year 2007 (2006: EUR 28.8 million). This decline was mainly due to a 35% reduction in investments in the flat screen industry compared to 2006. Basler's market entry into the solar industry was very successful. In 2007, several new products generated incoming orders by key accounts and for the first time produced considerable turnover. As the demand in the flat screen industry began to grow again, the fourth quarter was the most successful quarter of the fiscal year 2007 in terms of turnover and incoming orders. The Basler Solutions figures at a glance:
|in millions of Euros |2007 |2006 |+/- % | |Turnover |24.0 |28.8 |-17% | |Incoming Orders |25.9 |32.8 |-21% | |EBIT |-1.2 |1.5 |-180% |
Considering the slowing global economy and risk of recession in the United States we are planning a low to mid single-digit growth in turnover and a mid to high single-digit growth in earnings before taxes while generating positive free cash flow .
The Annual Report is available as a download at www.baslerweb.com/financialreports. Basler AG, Dr. 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 --------------------------------------------------------------------------------
Further inquiry note:
Verena Fehling
Assistant to the Board/Investor Relations
Telefon: +49 (0) 4102 463 0
E-Mail: Verena.Fehling@baslerweb.com
Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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Original content of: Basler AG, transmitted by news aktuell