EANS-News: Basler AG
Basler AG continues growth in the first half-year of 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 6-month report Ahrensburg (euro adhoc) - Corporate News Financial figures / half-year report Basler AG continues growth in the first half-year of 2011 - Digital cameras business continues growing - Incoming orders: EUR 30.2 million (previous year: EUR 29.6 million, +2 %) Sales: EUR 28.1 million (previous year: EUR 22.6 million, +24 %) EBIT: EUR 4.0 million (previous year: EUR 3.0 million, +33 %) Earnings before taxes: EUR 3.3 million (previous year: EUR 2.2 million, +50 %) Operating cash flow: EUR 4.5 million (previous year: EUR 2.8 million, +61 %) - Forecast for 2011 is confirmed: Group's turnover between EUR 54 and 58 million (previous year: EUR 51.0 million), earnings before taxes at least EUR 5.4 million (previous year: EUR 5.0 million) Ahrensburg, August 18, 2011 - BASLER AG, one of the global leading companies of vision technology, is presenting today the figures for the first half-year of 2011. As expected, the first six months of the fiscal year were successful for Basler AG. The company has continued growth in sales and realized double-digit earnings before taxes. The group's incoming orders increased to EUR 30.2 million (previous year: EUR 29.6 million, +2 %). The group's sales amounted to EUR 28.1 million in the reporting period, exceeding the previous year's value of EUR 22.6 million by 24 %. The earnings before taxes (EBT) summed up to EUR 3.3 million (previous year: EUR 2.2 million, +50 %). The pre-tax return added up to 11.7 % (previous year: 9.7 %). The earnings before interest and taxes (EBIT) amounted to EUR 4.0 million (previous year: EUR 3.0 million, +33 %). The return before taxes and interest calculated to 14.2 % (previous year: 13.3 %). The operating cash flow increased in the reporting period to EUR 4.5 million (previous year: EUR 2.8 million; +61 %). The free cash flow (operating cash flow less cash flow from investment) amounting to EUR 1.1 million was positive again (previous year: EUR -0.5 million). At the end of the reporting period, liquid assets amounted to EUR 6.8 million and were thus by 28 % above the figure of the comparison period in the previous year (EUR 5.3 million). "We will show solid profitable growth also in fiscal year 2011. This will be driven by our core business with digital cameras that will increase in the double-digit range" explains Dr. Dietmar Ley (CEO). Basler therefore maintains the forecast for fiscal year 2011 unchanged. The group's turnover will accordingly be within a corridor between EUR 54 and 58 million (previous year: EUR 51.0 million). The earnings before taxes will be at least EUR 5.4 million (previous year: EUR 5.0 million). Basler AG develops and manufactures digital cameras for industrial applications and video surveillance. Basler has more than 20 years of experience in image processing and offers its customers one of the widest product portfolios in the industry. The company employs approximately 270 employees in its headquarters in Ahrensburg, Germany, and in subsidiaries in the USA, Singapore, Taiwan, Korea, and Japan. The quarterly report can be downloaded from www.baslerweb.com/financialreports. 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 Further inquiry note: Maren Schuster Investor Relations Telefon: +49(0)4102 463-100 E-Mail: ir@baslerweb.com end of announcement euro adhoc -------------------------------------------------------------------------------- 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English
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