euro adhoc: Basler AG
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Basler: Good start to 2008 fiscal year
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quaterly report
06.05.2008
Ad hoc announcement according to §15 WpHG
. Group: turnover and result better than last year; positive cash flow; incoming orders at record high . Components business: continuous profitable growth; market entry into the digital surveillance camera market . Solutions business: Basler wins largest single order in the company's history; increasing demand from flat-screen and solar industries . Forecast band for 2008 remains unchanged
Ahrensburg, 6 May 2008 - Despite the current turmoil on the financial markets, Basler AG - one of the leading companies in the Vision Technology segment worldwide, has increased its turnover, results and cash flow in the first quarter compared to previous year's figures. Because of the largest incoming orders in the company's history in the solutions business and continuous strong incoming orders in the components business, incoming orders of the group
reached a new record high.The figures at a glance: |in millions of Euros |Q1/ |Q1/ |+/- % | | |2008 |2007 | | |Turnover |12.2 |11.5 |+6 | |Incoming Orders |22.1 |11.0 |+101% | |Gross Results |5.8 |5.4 |+7% | |Gross Margin (in %) |47 |47 | | |EBT |0.3 |-0.2 | | |Net Results |0.1 |-0.1 | | |Earnings per Share (in |0.04 |-0.04 | | |Euros) | | | | The Basler Components business unit successfully continued its growth during the first quarter. In the reporting period, sales revenue from digital cameras increased by 16% to EUR 7.3 million compared to the previous year (Q1/2007: EUR 6.3 million). Incoming orders reached the new record high of EUR 7.9 million (Q1/2007: EUR 7.3 million). The business unit's earnings before interest and taxes reached EUR 1.0 million in the first quarter (Q1/2007: EUR 0.8 million). The crucial factor for this was the significantly higher gross margin compared to the previous year. The market entry of Basler Components into the future market of digital video surveillance was of strategic importance. We expect this rapidly growing future market to make a significant positive contribution to turnover and earnings growth in the mid-term. The Basler Components figures at a glance: |in millions of Euros |Q1/ |Q1/ |+/- % | | |2008 |2007 | | |Turnover |7.3 |6.3 |+16% | |Incoming Orders |7.9 |7.3 |+8% | |EBIT |1.0 |0.8 |+25% | The Basler Solutions (Vision Technology solutions for mass production) business unit reached the forecast turnover of EUR 4.9 million in the first quarter. Revenue was 6% lower than previous year's level (Q1/2007: EUR 5.2 million). The business unit's earnings before interest and taxes of EUR -1.0 million were still negative (Q1/2007: EUR -0.7 million). |in millions of Euros |Q1/ |Q1/ |+/- % | | |2008 |2007 | | |Turnover |4.9 |5.2 |-6% | |Incoming Orders |14.2 |3.7 |+284% | |EBIT |-1.0 |-0.7 |-43% | Basler has had a strong start to its 2008 fiscal year. We consider the outlook for both business units generally positive. Because of good incoming orders,
the business development during the next few months can be estimated more precisely than one year ago. Because of the slowing economy in Europe and the United States and the risks arising from the worldwide financial crisis our forecast for the 2008 fiscal year remains unchanged. We still expect 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 Quarterly Report is available as a download at www.baslerweb.com/finanzberichte. Basler AG, Dr. Dietmar Ley (CEO).
end of announcement euro adhoc
Further inquiry note:
Verena Fehling
Assistant to the Board
Telefon: +49(0)4102 463-100
E-Mail: Verena.Fehling@baslerweb.com
Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX
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