Basler Increases Camera Sales by 85%
Ahrensburg – The third quarter of 2010 went better than expected for Basler AG. According to preliminary figures, sales and pre-tax earnings were significantly above previous year's levels and beyond the management board's expectations.
Group sales for the first three quarters of 2010 were at €38 million, exceeding the previous year’s level of €24 million by 58%. Earnings before taxes (EBT) for the group amounted to €3.8 million, up €11.6 million compared the previous year's results.
The digital camera business segment in particular is driving this growth. In the first three quarters, camera sales increased by 85% to €29.8 million (€16.1 million in the previous period). Incoming orders were at €33.6 million compared to €18.7 million last year (+79.7%). The preliminary segment result is +€6.5 million.
Assuming continued market development, we are once again increasing our guidance for the 2010 fiscal year. We expect group sales to grow to a level between €46 and €48 million (previous guidance: €43 - 45 million; 2009 sales: €33.7 million) at an EBT of no less than €4.1 million (previous guidance: > €3.5 million; 2009 EBT: €-8.0 million).
The financial report for the third quarter of 2010 will be published on November 16, 2010.
Basler Vision Technologies is a leading global manufacturer of digital cameras for industrial and video surveillance applications, medical devices, and traffic systems. Product designs are driven by industry requirements and offer easy integration, compact size, excellent image quality, and a very strong price/performance ratio. Basler has more than 20 years of experience in image processing. We have designed and manufactured high quality digital cameras for over 10 years. The company employs around 300 people at its headquarters in Ahrensburg, Germany, as well as in international subsidiaries and offices in the U.S., Singapore, Taiwan, Korea, and Japan.
For more information, please contact us at +49 4102 463-500, e-mail us at email@example.com, or visit us on the web at www.basler-ipcam.com.