Basler reports business figures for the first quarter of 2012: Start into new fiscal year slightly exceeding expectations

(PresseBox) ( Ahrensburg, )
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- Compared to previous quarters, demand in camera business is growing, demand in solutions business is declining as expected
- Incoming orders for the first quarter of 2012: € 13.6 million (previous year: € 17.2 million, -21 %)
- Sales for the first quarter of 2012: € 12.3 million (previous year: € 13.7 million, -10 %)
- EBIT for the first quarter of 2012: € 1.2 million (previous year: € 2.0 million, -40 %)
- Earnings before taxes for the first quarter of 2012: € 1.0 million (previous year: € 1.6 million, -38 %)
- Operating cash flow for the first quarter of 2012: € 1.4 million (previous year: € 2.2 million, -36 %)

BASLER AG, one of the leading global companies in vision technology, is presenting today the figures for the first quarter of 2012.

Due to generally less favorable economic conditions and a weaker demand in the solutions business, the group figures for incoming orders, sales, and earnings were below the previous year's values. Compared to the results of the fourth quarter of 2011 the figures improved. The plan for the first three months of 2012 which was made in the fourth quarter of 2011 was slightly exceeded. This is mainly due to the increase in incoming orders in the core business with digital cameras compared to the previous quarters.

Incoming orders for the group decreased by 21 % in the first quarter of 2012, reaching € 13.6 million (previous year: € 17.2 million). Incoming orders in the camera business returned to the previous year's level, whereas orders in the solutions business strongly decreased due to the weak economic situation in the LCD market. The sales amounted to € 12.3 million in the reporting period which is 10 % below the previous year's figure of € 13.7 million. This decline is also due to the solutions business.

The earnings before taxes (EBT) summed up to € 1.0 million in the first quarter of 2012 (previous year: € 1.6 million). The pre-tax return amounted to 8.1 % (previous year: 11.7 %) and was thus at the top end of the forecast corridor of 6 - 8%. The earnings before interest and taxes (EBIT) amounted to € 1.2 million (previous year: € 2.0 million). The return before taxes and interest calculated to 9.8 % (previous year: 14.6 %).

The operating cash flow amounted to € 1.4 million in the reporting period (previous year: € 2.2 million). Cash and cash equivalents summed up to € 5.6 million at the end of the reporting period (previous year: € 7.7 million).

"Basler AG started better than expected into the new fiscal year 2012. After two quarters of lower volumes in incoming orders, the strong orders in our core business with digital cameras make us confident for the further course of the fiscal year", explains Dr. Dietmar Ley, CEO.

Due to the existing global economic uncertainties, for the time being the Management Board reaffirms its annual forecast. Accordingly, in fiscal year 2012 Basler AG will realize a group turnover between € 50 million and € 54 million (previous year: € 55.6 million) and a pre-tax return of 6 % - 8 % (previous year: 10.2 %).

The three-month report can be downloaded from www.baslerweb.com/finanzberichte.
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