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.
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