Basler releases preliminary figures for 2Q10, says group sales exceed 2Q09

Camera supplierBasler AG (Ahrensburg, Germany) reports that the second quarter of 2010 proceeded better than expected for the company. According to preliminary figures, sales and pre-tax earnings were significantly above previous year's levels and beyond management board's expectations.

Group sales increased to €13.3 million, exceeding the 2Q09 level of €8.1 million by 64.3 %. Earnings before taxes (EBT) for the group were €1.7 million, up €6.6 million against the previous year's value of €-4.9 million. The EBT-margin for the second quarter was 12.8%.

Assuming continued market development, the management board has increased the company's guidance for the fiscal year 2010. The company reports that it expects group sales to grow to between €43 and €45 million (previous guidance: €39 to €41 million; 2009 sales: €33.7 million) at an EBT not less than €3.5 million (previous guidance: >€1.5 million; 2009 EBT: €-8.0 million).

The financial report for 2Q10 will be published on Aug. 5. 2010. For more information, visit www.baslerweb.com.


-- Posted by Vision Systems Design