Basler records sales increase

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Basler has reported sales of 28.1m for the first half of 2011, exceeding the previous year's value of 22.6m by 24 per cent.

The group's incoming orders were 30.2m (previous year: 29.6m, +2 per cent), while the earnings before taxes (EBT) totalled 3.3m (previous year: 2.2m, +50 per cent).

The operating cash flow increased in the reporting period to 4.5m (previous year: 2.8m; +61 per cent). At the end of the reporting period, liquid assets amounted to 6.8m and were thus by 28 per cent above the figure of the comparison period in the previous year (5.3m).

'We will show solid profitable growth also in fiscal year 2011. This will be driven by our core business with digital cameras that will increase in the double-digit range,' commented Dr Dietmar Ley, CEO.

Basler's forecast turnover for the 2011 fiscal year is between 54-58m (previous year: 51.0m). The earnings before taxes are predicted to be at least 5.4m (previous year: 5.0m).

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