High-performance camera manufacturer Basler AG (Ahrensburg, Germany) has presented its first half-year 2011 figures, which show continued sales growth and double-digit earnings before taxes. In 2010 the company also reported a strong showing in the first half of the year.
Basler's incoming orders increased to €30.2 million (previous year: €29.6 million, +2%). The group's sales amounted to €28.1 million in the reporting period, exceeding the previous year's value of €22.6 million by 24%. The earnings before taxes (EBT) summed up to €3.3 million (previous year: €2.2 million, +50%). The pre-tax return added up to 11.7% (previous year: 9.7%). The earnings before interest and taxes (EBIT) amounted to €4.0 million (previous year: €3.0 million, +33%). The return before taxes and interest calculated to 14.2% (previous year: 13.3%).
The operating cash flow increased in the reporting period to €4.5 million (previous year: €2.8 million; +61%). The free cash flow (operating cash flow less cash flow from investment) amounting to €1.1 million was positive again (previous year: €-0.5 million). At the end of the reporting period, liquid assets amounted to €6.8 million and were thus by 28% above the figure of the comparison period in the previous year (€5.3 million).
"We will show solid profitable growth also in fiscal year 2011. This will be driven by our core business with digital cameras that will increase in the double-digit range," explains Dietmar Ley, CEO. Basler therefore maintains the forecast for fiscal year 2011 unchanged. The group's turnover will accordingly be within a corridor between €54 and €58 million (previous year: €51.0 million). The earnings before taxes will be at least €5.4 million (previous year: €5.0 million).
-- Posted by Vision Systems Design