AHRENSBURG (dpa-AFX) - Image processing specialist Basler has noticeably lowered its outlook due to a persistent market slump. Thus, instead of €235 million to €265 million, sales for the full year should now only be between €200 million and €215 million, the SDax company announced in Ahrensburg on Monday. Because the management wants to counteract this by cutting around 200 full-time jobs and thus expects costs in the millions, it expects a pre-tax loss of 12 to 20 million euros. Previously, the company had targeted a pre-tax return of between 5 and 8 percent, and thus envisaged a pre-tax profit of just under 12 to a good 21 million euros.

The cost-cutting and restructuring program is expected to cost between 11 and 13 million euros, most of which will be incurred in the third quarter. The share price fell sharply, with a double-digit percentage drop to a low since April 2020.

The medium-term ambitions of around 400 million euros in sales in 2025 were also too ambitious and had to be revised, it was said./men/mis