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01.03.2006 – 07:10

Basler AG

euro adhoc: Basler Vision Technologies AG
Financial Figures/Balance Sheet / Basler shows good results from muted turnover in 2005 and expects profitable two digit growth for 2006

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Basler shows good results from muted turnover in 2005 and expects profitable two digit growth for 2006

- At EUR 45 million company turnover for 2005 slightly above forecast of EUR 43 million

- 8% pre-tax margin for 2005 on a high level

- Expectations for 2006 of increased turnover of at least EUR 50 million and net results increase of EUR 3 million (+25% against 2005)

Ahrensburg, 1 March 2006 - Basler AG, one of the leading companies on the growth market of Vision Technology  - the technology of artificial vision systems - is expecting profitable two-digit growth for 2006 after restrained turnover results for the 2005 financial year. Audited figures show company turnover for 2005 of EUR 45 million (2004: EUR 52.2 million, -14%) to be slightly above the forecast of EUR 43 million.

The Vision Systems business unit (surface inspection systems for industrial manufacturing processes) recorded turnover of EUR 29.1 million (2004: EUR 35.8 million, -19%). This downturn is mainly due to lack of investment on the part of vendors of optical storage media. On the other hand, for the third consecutive year inspection systems for the production of flat-screens booked record turnover with a growth rate in the two-digit area. With over 70 systems installed since the business unit was set up, Basler has now achieved unequivocal global market leadership in this sector.

The Vision Components business unit (digital camera solutions for industrial applications) saw a slight drop in turnover of 4% giving EUR 15.8 million (2004: EUR 16.4 million). This was mainly due to the weak first half-year experienced by the key target markets of semiconductors and electronics (turnover for first half-year 2005: EUR 7.2 million versus EUR 9.1 million for the same period 2004) In the second half-year the unit returned to its growth path, recording a turnover of EUR 8.6 million for this period or a 18% increase over last year’s figures. Growth here was mainly fuelled by the successful launch of new products.

Despite lower turnover for 2005, the company was able to maintain its pre-tax results margin on a high 8% level. Pre-tax earnings came to EUR 3.6 million (pre-tax earnings for 2004: EUR 8.2 million, 16% pre-tax margin).

Incoming orders for the past financial year came to EUR 47.0 million (2004: EUR 50.0 million, -6%). With incoming orders of EUR 16.7 million, Vision Components booked a record result (2004: EUR 14.6 million, +14%). Vision Systems gained incoming orders worth EUR 30.3 million (2004: EUR 35.5 million) with orders for inspection systems for the flat-screen industry out in front showing a 40% upswing over the previous year.

Given the condition of incoming orders and the forthcoming launch of new products, the management board is expecting organic growth in turnover for 2006 of over 11% bringing it to EUR 50 million with current forecasts expecting growth to set in during the second quarter of the year. We are forecasting after-tax earnings of at least EUR 3 million (earnings per share: EUR 0.86) which corresponds to an above-average increase of 25%.

The figures at a glance:

in million Euro                      2005 2004 +/- %
Turnover                                 45.0 52.2 -14%
Incoming orders                      47.0 50.0 -6%
Pre-tax earnings                    3.6  8.2  -56%
Net earnings                          2.4  9.0* -73%
Earnings per share (in Euro) 0.68 2.58

* The positive tax result for 2004 is due to the activation of losses brought forward from the period 2000 - 2002.

The Quarterly Report can be downloaded from

@@start.t2@@end of announcement                                                 euro adhoc 01.03.2006 06:33:43

ots Originaltext: Basler AG
Im Internet recherchierbar:

Further inquiry note:
Christian Höck
Tel.: +49 (0)4102 463 175

Branche: Semiconductors & active components
ISIN:      DE0005102008
WKN:        510200
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Original content of: Basler AG, transmitted by news aktuell

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