EANS-News: Basler AG reports business figures for the first quarter of 2012: Start into new fiscal year slightly exceeding expectations

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3-month report

Ahrensburg (euro adhoc) – Compared to previous quarters, demand in
camera business is growing, demand in solutions business is declining
as expected – Incoming orders for the first quarter of 2012: EUR 13.6
million (previous year: EUR 17.2 million, -21 %) – Sales for the
first quarter of 2012: EUR 12.3 million (previous year: EUR 13.7
million, -10 %) – EBIT for the first quarter of 2012: EUR 1.2 million
(previous year: EUR 2.0 million, -40 %) – Earnings before taxes for
the first quarter of 2012: EUR 1.0 million (previous year: EUR 1.6
million, -38 %) – Operating cash flow for the first quarter of 2012:
EUR 1.4 million (previous year: EUR 2.2 million, -36 %)

BASLER AG, one of the leading global companies in vision technology,
is presenting today the figures for the first quarter of 2012.

Due to generally less favorable economic conditions and a weaker
demand in the solutions business, the group figures for incoming
orders, sales, and earnings were below the previous year’s values.
Compared to the results of the fourth quarter of 2011 the figures
improved. The plan for the first three months of 2012 which was made
in the fourth quarter of 2011 was slightly exceeded. This is mainly
due to the increase in incoming orders in the core business with
digital cameras compared to the previous quarters.

Incoming orders for the group decreased by 21 % in the first quarter
of 2012, reaching EUR 13.6 million (previous year: EUR 17.2 million).
Incoming orders in the camera business returned to the previous
year’s level, whereas orders in the solutions business strongly
decreased due to the weak economic situation in the LCD market. The
sales amounted to EUR 12.3 million in the reporting period which is
10 % below the previous year’s figure of EUR 13.7 million. This
decline is also due to the solutions business.

The earnings before taxes (EBT) summed up to EUR 1.0 million in the
first quarter of 2012 (previous year: EUR 1.6 million). The pre-tax
return amounted to 8.1 % (previous year: 11.7 %) and was thus at the
top end of the forecast corridor of 6 – 8%. The earnings before
interest and taxes (EBIT) amounted to EUR 1.2 million (previous year:
EUR 2.0 million). The return before taxes and interest calculated to
9.8 % (previous year: 14.6 %).

The operating cash flow amounted to EUR 1.4 million in the reporting
period (previous year: EUR 2.2 million). Cash and cash equivalents
summed up to EUR 5.6 million at the end of the reporting period
(previous year: EUR 7.7 million). „Basler AG started better than
expected into the new fiscal year 2012. After two quarters of lower
volumes in incoming orders, the strong orders in our core business
with digital cameras make us confident for the further course of the
fiscal year“, explains Dr. Dietmar Ley, CEO.

Due to the existing global economic uncertainties, for the time being
the Management Board reaffirms its annual forecast. Accordingly, in
fiscal year 2012 Basler AG will realize a group turnover between EUR
50 million and EUR 54 million (previous year: EUR 55.6 million) and a
pre-tax return of 6 % – 8 % (previous year: 10.2 %).

Basler AG is developer and manufacturer of high-quality cameras for
applications in industrial mass production, in medical and traffic
technology as well as in video surveillance. Basler has more than 20
years of experience in image processing and offers one of the widest
camera 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, and, Korea.

The three-month report can be downloaded from
www.baslerweb.com/financial reports.

Further inquiry note:
Verena Fehling
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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English

Quelle: http://www.presseportal.de/pm/8656/2247572/eans-news-basler-ag-reports-business-figures-for-the-first-quarter-of-2012-start-into-new-fiscal/api