Basler-VC ended 2006 with a substantial increase in turnover and earnings. We are proud to announce that turnover rose by 46% to 23.29 million euros (2005: 15.9 million euros). Only ten years after its inception, the Vision Components division has established an extremely promising position among the three global leaders supplying digital camera solutions to capital goods producers.
What is fueling our growth?
We believe that factors on both the product and marketing sides of our business are making this growth possible.
On the product side, exciting new product launches let us enter new markets. Last year, we introduced almost 50 innovative camera models, a major milestone in the division’s history. In addition, we won some large contracts for customized camera designs. Customization represents a major share of our total business today and will remain an important element of our strategy in the future.
On the marketing side, we continuously expanded our worldwide sales, distribution, and support network in Europe, the US, and Asia. As a result, our brand recognition has grown greatly in recent years. Our latest customer satisfaction survey indicates a high level of overall satisfaction and shows that we are on the right track. We have been enjoying particularly strong growth rates in Asia, which now contributes about 30% to our worldwide revenue.
As with Vision Components, Basler’s systems divisions are also performing well. Overall, the Basler group is on a solid financial footing. Entering 2007, Basler AG is well prepared to capitalize on our promising position in the vision technology growth market and we expect continued profitable expansion. A positive book-to-bill ratio in 2006 is a major factor supporting this expectation. We are pleased to share this positive outlook with you, our customers.
Last but not least, we would like to thank you for your collaboration and your confidence over the past years. We hope that you will continue to make us your vendor of choice.