Basler AG

EANS-Adhoc: Basler AG reports preliminary business figures for 2010: Best results in the company's history

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

Company Information/Preliminary figures


- Increase in sales by 51.3 % to EUR 51.0 million (previous year: EUR 33.7 million) - Positive earnings before taxes amounting to EUR 5.0 million (previous year: EUR -8.0 million) - Significant increase of cash flow from operational activity to EUR 9.6 million (previous year: EUR 5.9 million)

Ahrensburg, February 15, 2011, - BASLER AG, one of the globally leading manufacturers of cameras for industry and video surveillance, is presenting today preliminary figures for fiscal year 2010 (unaudited.

The group's turnover increased in fiscal year 2010 by 51.3 % to EUR 51.0 million (previous year: EUR 33.7 million). The gross profit margin increased to 43.1 % after 34.4 % in the previous year. The earnings before taxes increased to EUR 5.0 million (previous year: EUR -8.0 million). The pre-tax return amounted to 9.8 % (previous year: -23.7 %). Resulting from newly valued capitalized loss carryforwards the group's annual surplus increased to EUR 8.3 million (previous annual deficit: EUR -10.6 million). The earnings per share amounted to EUR 2.38 (previous year: EUR -3.02). The previous forecast made for fiscal year 2010 was surpassed again slightly due to the fourth quarter having been better than expected.

Despite the strong rise in sales Basler AG achieved a very good cash flow in the reporting period. The cash flow from operational activity amounted to EUR 9.6 million (previous year: EUR 5.9 million). The free cash flow calculated as the sum of cash flows from operational activity and investment reached a value of EUR 3.5 million (previous year: EUR 0.9 million). The positive development of the cash flow resulted from significantly decreased average delivery times, shorter collection periods for receivables, and an intense working capital management.

Overall, Basler AG realized the best result in the company's history in fiscal year 2010 and, accordingly, merely one year after the global economic and financial crisis. The new strategic alignment that was carried out during the past 18 months with focus on the camera business has proven successful.

These provisional figures are awaiting attestation by the auditors and approval by the Supervisory Board. The definitive figures for fiscal year 2010, the annual report for 2010, and the forecast for fiscal year 2011 will be presented on March 30, 2011.

end of announcement                               euro adhoc

Further inquiry note:

Maren Schuster
Investor Relations
Telefon: +49(0)4102 463-100

Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original-Content von: Basler AG, übermittelt durch news aktuell

Weitere Meldungen: Basler AG

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