Basler sees record 2010 turnover

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Basler AG has recorded the best financial results in the company's history in 2010. The group's turnover increased in fiscal year 2010 by 51.3 per cent to €51.0m (previous year: €33.7m).

The previous forecast for fiscal year 2010 was surpassed slightly due to the fourth quarter having been better than expected.

'The strategic realignment of the company undertaken in the past 18 months, with focus on the camera business has proven successful,' said Dr Dietmar Ley, the chairman of the management board. 'We will continue developing our product portfolio and our international sales force in 2011 in order to increase the market share of Basler AG for industrial cameras and video surveillance cameras.'

The gross profit margin increased to 43.5 per cent from 35.0 per cent in 2009. The earnings before taxes increased to €5.0m (previous year: -€7.3m). The pre-tax return amounted to 9.8 per cent (previous year: -21.7 per cent).

For 2011, Basler expects a positive result in the middle single-digit percentage range due to the unchanged positive trends in incoming orders and sales.

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