Basler sees 8% growth in 2008 turnover
MARCH 23, 2009--Basler's 2008 annual report shows Gigabit Ethernet camera segment is mainly responsible for its growth.
At EUR29.7 million, the Basler Components division (digital industrial cameras) increased its turnover by 8% over the previous year (2007: EUR27.5 million). The increase was predominantly due to the expansion of Basler's participation in the fast-growing Gigabit Ethernet camera segment. In 2008, Basler Components consolidated its number two position in the global market for digital industrial cameras. The company says its entry into the video surveillance market provides a foundation for further growth outside of the capital goods industry.
As in 2007, the components division generated more than half of the group's turnover. Group turnover rose by 10% to a record EUR56.5 million (2007: EUR51.5 million). Incoming orders also increased by 11% to a new all-time high of EUR62.9 million (2007: EUR56.6 million). Earnings before taxes (EBT) rose by 61% to EUR2.9 million (2007: EUR1.8 million).
"We finished the 2008 year with an excellent result, although the fourth quarter was already influenced by the global recession," concludes Arndt Bake, general manager, Basler Components. "The competition will intensify due to the critical market situation and weak demand. Our goal is to further strengthen our market position, even in such a tough economic environment."