Basler posts 28.7 million Euro in orders for first half 2012

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Basler AG has posted incoming orders for the first half of 2012 at €28.7 million. This was below the 2011 results (€30.2 million, decreasing by 5 per cent), due to the anticipated significant decrease in demand in the smaller Solutions segment.

Orders in the core business with digital cameras reached a new record value, though. Sales amounted to €25.2 million in the reporting period, 10 per cent below the previous year's figure of €28.1 million. Sales in the company’s Components segment reached a new record value while revenues in the Solutions segment declined significantly. Earnings before taxes (EBT) added up to €2.2 million in the first half-year of 2012 (previous year: €3.3 million).

The pre-tax margin amounted to 9 per cent (previous year: 12 per cent), above the forecast corridor. Earnings before interest and taxes (EBIT) amounted to €2.6 million (previous year: €4.0 million). The operating cash flow in the reporting period was €3.3 million (previous year: €4.5 million). Cash and cash equivalents summed up to €3.1 million at the end of the reporting period (previous year: €6.8 million).

Due to the continued growth in the Components segment the proportion of the camera business in the group's sales has increased more quickly than planned to more than 90 per cent. Therefore, the transformation of Basler AG towards a pure-play camera manufacturer proceeds at a faster pace than originally envisaged.

Based on better than planned results for the first half-year, Basler has increased its forecast for sales and profit for 2012, expecting revenues within a corridor of €52 to 54 million (previously €50 to 54 million) and a pre-tax (EBT) margin of 8 to 9 per cent (previously 6 to 8 per cent).

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