EANS-News: Basler AG
Basler reports on 2010 results:
Best performance in the company's history
Positive outlook for 2011
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annual report
Ahrensburg (euro adhoc) - Press release Business figures / annual balance sheet
- Increase in sales by 51.3 % to EUR 51.0 million (previous year: EUR 33.7 million) - Earnings before taxes amounting to EUR 5.0 million (previous year: EUR -7.3 million) - Significant increase of cash flow from operational activity to EUR 11.8 million (previous year: EUR 8.1 million)
Ahrensburg, March 30, 2011 - BASLER AG, one of the global leaders in vision technology, is releasing its audited annual report for 2010.
The group's turnover increased in fiscal year 2010 by 51.3 % to EUR 51.0 million (previous year: EUR 33.7 million). The gross profit margin increased to 43.5 % from 35.0 % in the previous year. The earnings before taxes increased to EUR 5.0 million (previous year: EUR -7.3 million). The pre-tax return amounted to 9.8 % (previous year: -21.7 %). Resulting from newly valued capitalized loss carry forwards the group's annual surplus increased to EUR 8.0 million (previous annual deficit: EUR -10.1 million). The earnings per share amounted to EUR 2.30 (previous year: EUR -2.89). The previous forecast for fiscal year 2010 was surpassed again slightly due to the fourth quarter having been better than expected.
Despite a strong increase in sales, Basler AG generated a very good cash flow in the reporting period by significantly decreased average delivery times, shorter collection periods for receivables, and an intense working capital management. The cash flow from operational activity amounted to EUR 11.8 million (previous year: EUR 8.1 million). The free cash flow calculated as the sum of cash flows from operational activity and investment reached a value of EUR 5.7 million (previous year: EUR 3.0 million).
In 2010 Basler AG realized the best results in the company's history, merely one year after the global economic and financial crisis.
"The strategic realignment of the company undertaken in the past 18 months, with focus on the camera business has proven successful" says the chairman of the Management Board, Dr. Dietmar Ley. "We will continue developing our product portfolio and our international sales force in 2011 in order to increase the market share of Basler AG for industrial cameras and video surveillance cameras."
For 2011, Basler AG expects a positive result in the middle single-digit percentage range due to the unchanged positive trends in incoming orders and sales.
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Basler Vision Technologies is a leading global developer and manufacturer of high grade cameras for industrial and medical applications, traffic control systems, and video surveillance. Moreover, Basler produces solutions for surface inspection in industrial mass production. 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 annual 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
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
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
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original content of: Basler AG, transmitted by news aktuell