Basler AG: Basler AG increases expected sales and profit forecast for the first half year of 2020

DGAP-Ad-hoc: Basler AG / Key word(s): Change in Forecast Basler AG: Basler AG increases expected sales and profit forecast for the first half year of 2020 26-May-2020 / 11:14 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Inside Information according to Article 17 MAR Adjustment Forecast Basler AG increases expected sales and profit forecast for the first half year of 2020 Ahrensburg, May 26th, 2020 - Today, BASLER AG, the leading global manufacturer of industrial cameras, clearly adjusts upwards its sales and profit forecast for the first half year of 2020. The management increases sales of ? 78 million originally expected for the first half year of 2020. Henceforth, the group expects sales to be within a corridor of ? 86 - 88 million in the first half year of 2020. Furthermore, due to the strong sales in the first two quarters, also the EBT margin will increase to 12 - 13 %, after the original planning amounted to 9 - 10 %. This very positive development is due to the continuously strong demand from the semiconductor and electronics industry as well as form the medical and logistics sector. Furthermore, to date, covid-19 related supply chain and production risks were successfully averted from the company. For the second half year, the company expects a seasonally lower demand from customers from the application fields of the semiconductor and electronics industry. The demand from the classic machinery and plant engineering industry already significantly weakened due to the corona pandemic. Due to the macroeconomic uncertainties, the management board sticks on publishing the forecast for the full year together with the half year report on August 6, 2020. ------------------------- Basler is a leading international manufacturer of high-quality imaging components for Computer Vision applications. The company offers cameras, lenses, frame grabbers, light modules, software, 3D products, embedded vision modules and solutions, as well as customized products and consulting services. Basler's products are used in a variety of markets and applications, including factory automation, medical, logistics, retail, and robotics. They are characterized by high reliability, an excellent price/performance ratio, and long-term availability. Founded in 1988, the Basler Group employs around 800 people at its headquarters in Ahrensburg and other locations in Europe, Asia and North America. Thanks to its worldwide sales and service organization and cooperation with renowned partners, it offers solutions that fit for customers from a wide range of sectors. Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg, Tel. [phone], ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008 Contact: Basler AG Verena Fehling Tel. [phone] Email: [e-mail] 26-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Basler AG
	An der Strusbek 60-62
	22926 Ahrensburg
	Germany
Phone:	04102-463 0
Fax:	04102-463 109
E-mail:	[e-mail]
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
EQS News ID:	1055265

End of Announcement	DGAP News Service

1055265  26-May-2020 CET/CEST