euro adhoc: Basler Vision Technologies AG
Quarterly or Semiannual
Financial Statements
Basler increases forecasts for annual sales
and year-end result - Third quarter results (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Basler increases forecasts for annual sales and year-end result - Third quarter results
- Third quarter net profit increases to EUR 0.7 million from EUR 0.1 million in previous year.
- Sales for the first nine months of 2003 improve by 22% over previous year.
- At EUR 11.8 million, orders received have more than doubled in third quarter compared to previous year.
- Forecast for annual sales has been raised by 13% to approx. EUR 34 million; estimated end-of-year profit has increased from break-even to a net return on sales of approx. 1%.
Ahrensburg, 07.11.2003 - Basler AG, a leading company in the field of Vision Technology, recorded increases in sales, profits and orders received in the third quarter of 2003 compared to the same period of the previous year. A 13% increase in third quarter sales to EUR 9.9 million was achieved (Q3/2002 EUR 8.8 million). For the first nine months of 2003, sales improved by 22% to EUR 24.7 million (Q1-3/2002: EUR 20.3 million). All business segments contributed to the growth in sales, with a particularly strong performance from Vision Components business (high performance cameras for industrial applications) and the Display Inspection unit (inspection systems for flat-screen monitor production).
Reflecting the increase in sales and improvements in cost structures, the net result for the third quarter of 2003 was EUR 689,000 (Q3/2002 at EUR 147,000). The loss recorded in the first quarter of 2003, attributable to normal seasonal fluctuations, was thus down to EUR -112,000 at the end of the first nine months of 2003 (Q1-3/2002: EUR -3.0 million).
Orders received continue to show a particularly positive trend. In the third quarter, orders amounting to EUR 11.8 million were recorded. This represents orders received at a level of more than double that recorded in the comparative period of the previous year (Q3/2002: EUR 5.7 million, an increase of 106%). For the first nine months of 2003, orders received increased by 36% to EUR 29.3 million compared to the same period in the previous year (Q1-3/2002: EUR 21.5 million).
The result for the first nine months of the 2003 financial year shows a significant improvement over the previous year. The Management Board has thus revised the sales forecast made at the beginning of the current year from EUR 30 million to approx. EUR 34 million (+27% over 2002 at EUR 26.7 million). At the same time, the Management Board has also increased its forecast for the annual result from break-even to a positive net return on sales of around 1% (2002: EUR -3.5 million). The target of achieving a turn-around in the companys net result for 2003 would thus be fulfilled.
A detailed quarterly report is available for downloading under www.baslerweb.com.
end of announcement euro adhoc 07.11.2003
Further inquiry note:
Christian Höck
Tel.: +49 (0)4102 463 175
E-Mail: christian.hoeck@baslerweb.com
www.baslerweb.com
Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade
Original content of: Basler AG, transmitted by news aktuell