November 10, 2012

              Camera Business Sets New Benchmarks for Incoming Orders, Sales, and Result

              Dr. Dietmar Ley, CEO

              Basler has presented the final figures for the first nine months of 2012. The most important outcome of the reporting period are new record figures in incoming orders, sales, and result in the core business with digital cameras.

              „In fiscal year 2012, Basler AG is performing better than expected. Negative effects due to the uncertain economic situation that we expected for our camera business were either minimal or compensated by gains in market share. Therefore, we increased again our sales and profit forecast“ comments Dr. Dietmar Ley, CEO, on the positive development.

              Incoming orders for the group amounted to € 44.5 million in the first nine months (previous year: € 42.4 million, +5 %). In the third quarter, the new orders increased by nearly one third to € 15.7 million (previous year: € 12.2 million; +29 %).

              The sales revenues for the group amounted to € 41.8 million in the first nine months and thus reached the previous year's level of € 41.4 million (+1 %). Sales considerably increased from € 13.2 million to € 16.6 million in the third quarter (+26 %).

              In the first nine months as well as in the third quarter, the group's gross profit and the group's gross margin developed better than in the previous year. The gross margin increased by 3 percentage points to 45.7 % in the first nine months (previous year: 43.2 %). In the third quarter, the gross margin increased from 43.2 % in the previous year to 46.4 % (+3 percentage points).

              In the first nine months of 2012, Basler AG achieved earnings before taxes (EBT) for the group of € 4.2 million. Compared to the earnings before taxes of € 4.8 million achieved in the same period of the previous year, increased operating costs and higher depreciations had a dampening effect. The pre-tax return amounted to 10 % (previous year: 11.6 %) and was above the corridor of 8 % to 9 %, predicted for fiscal year 2012. In the third quarter, earnings before taxes (EBT) for the group increased by 33 % from € 1.5 million in the previous year to € 2.0 million. The pre-tax return increased from 11.4 % in the third quarter of 2011 to 12.0%.

              Due to these results being above plan in the first nine months and a solid 4th quarter outlook, on October 22, 2012, the company raised again the forecast for sales and earnings for 2012. Basler AG henceforth expects sales revenues within a corridor of € 54 – 56 million (previously € 52 – 54 million) and a pre-tax (EBT) margin of 9 – 10 % (previously 8 – 9 %).

              The complete nine-month report for 2012 (PDF) can be accessed in the Investors' Section.

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