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05-Aug-2021

Basler AG Excels with Record Results in the First Half-Year

Basler AG Excels with Record Results in the First Half-Year
Basler AG Headquarters in Ahrensburg

Basler AG, a leading provider of image processing components for computer vision applications, is today presenting final figures for the first half-year of 2021. The Basler group closed the first six months of 2021 with excellent results and thus laid a solid basis for the remainder of the challenging business year 2021.

Compared to the reference period 2020, sales increased by 30 % to Euro 115.2 million (previous year: Euro 88.9 million). Incoming orders increased by 65 % to Euro 152.4 million (previous year: Euro 92.3 million). Incoming orders increased significantly in the second quarter and more than doubled compared to the previous year.

Again in the first half-year, Basler developed better than the industry. As of the end of June, the VDMA (Verband Deutscher Maschinen- und Anlagenbau, German Engineering Federation) reported an increase in sales of 17 % for the German manufacturers of image processing components. According to the VDMA, the incoming orders of the industry increased by 29 % in the same period. Consequently, the Basler group continued to considerably increase its market shares.

Compared to the previous year, earnings before taxes increased by Euro 8.0 million to Euro 20.8 million (previous year: Euro 12.8 million, +63 %). The company thus recorded the strongest half-year in the company's history in terms of incoming orders, turnover and profit.

Despite the strong incoming orders and the positive market outlook, management confirms its growth forecast until further notice. The reason for this is the continuing shortage in semiconductor components, which will presumably considerably limit the group's maximum production volume in the upcoming months. Despite all operational challenges, the management is very positive about the future and will update its medium-term business planning at the end of the year. This currently envisages achieving sales of approximately Euro 250 million in 2023.

The full half year report 2021 can be seen here .

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