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Basler Reports Business Figures for the First Half-year of 2014: Sales and Result Significantly Exceed Expectations - Annual Forecast Increased
Basler AG Posted 08/01/2014Basler AG, one of the leading global manufacturers of industrial cameras is presenting today its final figures for the first half-year of 2014.
The group’s incoming orders increased by 23 % to € 40.9 million (previous year: € 33.3 million). The group’s sales of € 39.0 million were 21 % above the previous year’s value of € 32.2 million. The gross margin improved by almost 1 percentage point to 51.5 % (previous year: 50.6 %). The group’s earnings before taxes (EBT) rose by 51 % to € 5.9 million (previous year: € 3.9 million). The pre-tax return margin amounted to 15 % (previous year: 12 %).
"The continuing robust incoming orders, the smooth market launch of important new products, and the sales progress made in markets of great significance to us, give us the confidence to assume that we will succeed in fulfilling the new forecast for the financial year 2014, despite an unchanged moderate economic environment and geopolitical risks“, explains Hardy Mehl, CFO.
Based on the positive monthly results in the course of the second quarter, Basler AG increased the forecast for sales and profit for fiscal year 2014 already in mid-June and henceforth expects group’s sales of € 73 to € 76 million (previously € 70 to € 74 million) at a pre-tax return margin of 12 to 14 % (previously 8 to 10 %).
The complete half-year report for 2014 can be seen on the company's website