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Basler AG Adjusts Forecast for 2020 Upwards

Basler AG Adjusts Forecast for 2020 Upwards

The Basler Management further increases the sales of € 165 million originally expected for financial year 2020. Already at the beginning of November, the group increased it to the upper end of the forecast corridor. Henceforth, the group expects a sales corridor of € 169 million to € 171 million for the current financial year. As a result of the increased sales, the EBT margin is also expected to increase from 10 % to 11-12 %.

This very positive development is due to increasing incoming orders in the past weeks and the related sales in the fourth quarter of the financial year. Furthermore, Covid-19 related risks in the supply chain and the production were successfully avoided by the company.

For more information on Basler’s financial reporting and corporate news, please visit our Investor Relations website.

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