Basler reports business figures for 2017: Company confirms record annual result and expects a stable development in 2018
Sales € 150.2 million (2016: € 97.5 million, +54 %), Incoming orders € 153.6 million (2016: € 105.4 million, +46 %), EBITDA € 40.0 million (2016: € 18.8 million, +113 %), Pre-tax result € 29.8 million (2016: € 11.4 million, +161 %), After-tax result € 21.6 million (2016: € 7.9 million, +173 %), Result per share € 6.74 (2016: € 2.45, +175 %), Free cash flow € 18.6 million (2016: € 8.1 million, +130 %), Guidance 2018: Sales € 145 – 160 million, pre-tax return rate 13 – 15 %.
Basler AG, the leading global manufacturer of industrial cameras, is presenting today its audited annual report 2017.
In fiscal year 2017, group’s sales recorded an extraordinarily strong growth of 54 % to € 150.2 million (previous year: € 97.5 million). Thus, Basler grew more than two times stronger than the German industry for image processing components which grew by 24 %. This is statistically recorded by the VDMA (Verband Deutscher Maschinen- und Anlagenbau, German Engineering Federation) and represents a key indicator for the global market development. Therefore, in the elapsed fiscal year, Basler again gained market shares and expanded its market leadership.
The pre-tax result amounted to € 29.8 million (previous year: € 11.4 million, +161 %) and the pre-tax rate of return to 19.8 % (previous year: 11.7 %). With these results, the upper end of the guidance previously communicated by the company has been achieved. The net result per share increased from € 2.45 to € 6.74.
The cash flow from operational activity amounted to € 28.4 million (previous year: € 16.1 million, +76 %). The free cash flow, calculated as the difference between the cash flows from operational activity and investments, reached a value of € 18.6 million (previous year: € 8.1 million, +130 %).
With a growth of 68 new employees, the staff was considerably augmented in the fiscal year 2017. For 2018, the company plans to hire over 100 new employees, mainly at the Ahrensburg location, as well as in Asia in order to lay the foundation for further growth in the upcoming years.
Against the background of a positive annual result 2017, the company will propose to this year's shareholders’ meeting the distribution of a dividend of € 2.02 per share. This corresponds to a distribution ratio of 30 %.
After the extraordinarily positive market development and the very strong growth of Basler in 2017 – in particular for factory applications in Asia – for fiscal year 2018 the management board currently expects a slight one-digit market growth and sales revenues for the Basler group within a corridor of € 145 – 160 million. On the result side, the company plans with a pre-tax return rate of 13 – 15 % depending on the sales development. Given the very high momentum in the sales markets and the limited visibility of the business development in the second half-year, the current range of the sales corridor is relatively broad. The management strives for giving a more precise corridor in the course of the fiscal year.
The complete annual report is available on baslerweb.com/financialreports/
Image caption: Basler’s headquarters in Ahrensburg, Germany
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