Basler raises 2020 sales forecast after strong Q4

Share this on social media:

Basler has increased its sales forecast for the year following an influx of orders in the fourth quarter.

The company raised its forecast from €165m to a sales corridor of €169m to €171m for the current financial year.

As a result of the increased sales, the EBT margin is also expected to increase from 10 per cent to 11 to 12 per cent.

Basler's sales and bookings are both up 5 per cent after the first nine months of the year compared to 2019 – sales were €129.2m and order entries were €128.3m.

The company's bookings in the first quarter of 2020 were particularly strong, but weakened over the second and third quarter. They now look set to improve in Q4.

Basler also said that it had so far mitigated risks in the supply chain and production caused by the pandemic.

Related news

Image: Martial Red/shutterstock.com

06 July 2021

The involvement by Sinovation and its founder Dr Kai-Fu Lee strengthens Prophesee's presence in China

Investment in automation equipment is being made in battery production. Credit: Kuka

14 June 2021

The VDMA pointed to a number of green technologies – including plans for the sixth largest solar power plant in the world to be built in Turkey – that are driving growth in automation equipment sales

12 May 2021

Basler saw bookings up 27 per cent, but the company is 'suffering from the global shortage of semiconductor components'

07 May 2021

The company recorded $239m in revenue, which is also a 7 per cent increase over the fourth quarter of 2020

31 March 2021

Basler has announced 2020 sales of €170.5m, up on the previous year of €162.0m. Incoming orders were €181.6m compared to 2019's €166.5m

25 March 2021

The effects of the pandemic were felt by Stemmer Imaging in the 2020 fiscal year, however, with revenue at €105.2m compared to €120.6m in 2019