BASLER AG
DGAP-Ad-hoc: Basler AG / Key word(s): Preliminary Results
Ad hoc announcement according to Article 17 MAR Preliminary business figures for 2017: - Sales Euro 150.2 million (2016: Euro 97.5 million, +54 %) - Incoming orders Euro 153.6 million (2016: Euro 105.4 million, +46 %) - EBITDA Euro 40.0 million (2016: Euro 18.8 million, +113 %) - Earnings before taxes Euro 29.8 million (2016: Euro 11.4 million, +161 %) - Free cash flow Euro 18.6 million (2016: Euro 8.1 million, +130 %) Ahrensburg, February 22, 2018 - BASLER AG, one of the leading global manufacturers of industrial cameras, is releasing preliminary figures for fiscal year 2017 today. For the first time, in 2017 sales broke through the Euro 150 million mark and increased by 54 % to Euro 150.2 million (previous year: Euro 97.5 million). Incoming orders increased by 46 % to Euro 153.6 million (previous year: Euro 105.4 million). Due to very strong sales and economies of scale, the earnings before taxes increased by 161 % to Euro 29.8 million, compared to the previous year (previous year: Euro 11.4 million). The pre-tax margin amounted to 19.8 % (previous year: 11.7 %). With these results the company's forecast for 2017 communicated to the capital market has been achieved at the upper end and thus exceeded by far the long-term strategic goals of an EBT margin of 12 % and average sales growth of 15 %. The free cash flow calculated as the sum of cash flows from operations and cash flow for investments reached a value of Euro18.6 million (previous year: Euro 8.1 million, +130 %) and thus substantiates the self-financed growth strategy of the company. These provisional figures are awaiting final approval by the auditors and the supervisory board. The definitive figures for fiscal year 2017 as well as the annual report for 2017 will be released on March 23, 2018. Basler AG has started the new year with favorable tailwind. The goal is to stabilize the very high sales level of 2017 or to slightly increase it. At the same time, the organization will be expanded in order to continue to make full use of the medium-term growth opportunities. Due to current uncertainties concerning the investment behavior of the consumer electronics industry as well as the early date, the current forecast corridor is still relatively wide. For 2018, the management currently assumes sales of Euro 145 - 160 million and an EBT margin between 13 - 15 %.
Basler is a leading global manufacturer of digital cameras for industrial and retail applications, medical devices, and traffic systems. Product designs are driven by industry requirements and offer easy integration, compact size, excellent image quality, and a very strong price/performance ratio. Basler has more than 25 years of experience in vision technologies. The company employs 500 people at its headquarters in Ahrensburg, Germany, as well as in international subsidiaries and offices in Europe, Asia, and the Americas.
22-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Basler AG |
| An der Strusbek 60-62 | |
| 22926 Ahrensburg | |
| Germany | |
| Phone: | 04102-463 0 |
| Fax: | 04102-463 109 |
| E-mail: | ir@baslerweb.com |
| Internet: | www.baslerweb.com |
| ISIN: | DE0005102008 |
| WKN: | 510200 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
656687 22-Feb-2018 CET/CEST
