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euro adhoc: Basler Vision Technologies AG
Quarterly or Semiannual Financial Statements
Basler: Growth Trend Continues

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Basler: Growth Trend Continues
3rd quarter turnover increased 15% on previous year to € 11.4 mill. –
pre-tax earnings up 16% to € 0.8 mill. Incoming orders rise 24% to €
14.6 mill. (Q3/2003: € 11.8 mill.).
Previous year’s turnover exceeded after only nine months in 2004,
with € 37.5 mill. (2003: € 35.7 mill.).
Forecast for 2004 (+40% turnover growth on 2003 to € 50 mill., 
€ 5 mill. earnings before tax compared to € 0.7 mill. in 2003) will
be once again slightly exceeded.
Ahrensburg, 5 November 2004 – Basler AG, a leading company in vision
technology, the technology of artificial sight, increased turnover,
earnings and incoming orders in the third quarter. Due to continued
positive business operations, the company’s own forecast for the 2004
financial year will be slightly exceeded once again.
Turnover in the third quarter rose to € 11.4 mill.. This is
equivalent to a 15% increase on the year-earlier quarter (€ 9.9
mill.). The € 37.5 mill. turnover generated in the first nine months
of the 2004 financial year already exceeds that of the entire
previous year (2003: € 35.7 mill.). Turnover thus rose 52% compared
to the first nine months of the previous year (Q1-3/2003: € 24.7
mill.).
Incoming orders were up 24% on the year-earlier quarter, at € 14.6
mill. (Q3/2003: € 11.8 mill.) Incoming orders in the first nine
months thus amounted to € 38.7 mill.. This is equivalent to a 32%
increase on the year-earlier period (Q1-3/2003: € 29.3 mill.).
This positive turnover and orders development results from continued
strong demand in our target markets. Basler has also gained market
shares in all business areas due to the company’s high level of
investment activity, particularly for digital high-performance
cameras (Vision Components) and flat screen inspection systems in the
Vision Systems division.
Earnings before tax in the third quarter amounted to € 0.8 mill. – an
increase in proportion with turnover growth of 16% on the
year-earlier quarter (Q3/2003: € 0.7 mill.). Earnings were thus
clearly increased in the first nine months of 2004, to € 4.4 mill.
compared to € –0.1 mill. in Q1-3/2003.
Basler is set to continue its growth trend in the fourth quarter of
the 2004 financial year. The pre-tax earnings margin is likely to
reach the level of the previous quarters, despite increasing
investments in staff. Bearing in mind the successful first three
quarters of 2004 and the high volume of incoming orders in the third
quarter, we assume that we will once again outperform the forecast
raised in the middle of the year to € 50 mill. turnover (+40%
compared to previous year) with pre-tax earnings of approx. € 5 mill.
(earnings before tax 2003: € 0.7 mill.) and thus a pre-tax return
rate of 10%.
We anticipate continuing our turnover and earnings growth in the 2005
financial year. Because turnover is increasingly equally distributed
over the business areas, we can compensate for fluctuations in demand
in individual target markets by growth in other areas. Taking current
developments on the technology markets and a further deterioration of
the US$/€ exchange rate into account, growth in 2005 is likely to be
below the unusually high level of the current financial year.
The detailed quarterly report is available to download at
www.baslerweb.com.
end of announcement                    euro adhoc 05.11.2004 07:21:07 

Further inquiry note:

Christian Höck
Tel.: +49 (0)4102 463 175
E-Mail: christian.hoeck@baslerweb.com

Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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