Basler announces preliminary 2006 results and increase in turnover
MARCH 2--Basler-VC (Ahrensburg, Germany) ended 2006 with a substantial increase in turnover and earnings. Turnover rose by 46% to €23.29 million (2005: €15.9 million).
MARCH 2--Basler-VC (Ahrensburg, Germany) ended 2006 with a substantial increase in turnover and earnings. Turnover rose by 46% to €23.29 million (2005: €15.9 million). Only ten years after its inception, the Vision Components division has established an extremely promising position among the three global leaders supplying digital-camera solutions to capital-goods producers.
The company believes that factors on both the product and marketing sides of the business are making this growth possible. On the product side, new product launches let it enter new markets. Last year, Basler introduced almost 50 camera models. In addition, it won some large contracts for customized camera designs.
On the marketing side, brand recognition has grown in recent years. The company has been enjoying strong growth rates in Asia, which now contributes about 30% to worldwide revenue.
On a corporate level, turnover rose by 16% to €52.1 million (2005: €45.0 million). The incoming order volume in 2006, which exceeded turnover, is the first factor supporting this expectation.
For more information, visit www.basler-vc.com.