DGAP-News: Basler AG: Business figures for the first nine months of 2016: Basler closes 3rd quarter with strong incoming orders and sales

Corporate News
Business figures / nine-month report

Business figures for the first nine months of 2016:
Basler closes 3rd quarter with strong incoming orders and sales

- Incoming orders: EUR 76.5 million (previous year: EUR 62.0 million, +23 %)

- Sales: EUR 72.2 million (previous year: EUR 66.3 million, +9 %)

- EBIT: EUR 9.2 million (previous year: EUR 9.1 million, +1 %)

- Pre-tax result: EUR 8.6 million (previous year: EUR 8.5 million, +1 %)

- Pre-tax return rate: 12 % (previous year: 13 %)

- Free cash flow: EUR 6.1 million (previous year: EUR 0.5 million, >100 %)

Ahrensburg, November 2, 2016 -BASLER AG, one of the leading global manufacturers of industrial cameras, is releasing today the final figures for the first nine months of 2016.

In the first nine months of 2016 the group's incoming orders amounted to EUR 76.5 million (previous year: EUR 62.0 million, +23 %). The group's sales of EUR 72.2 million Euro were 9% above the previous year's value (EUR 66.3 million). The gross profit margin was 49.0 % (previous year: 48.6 %). The group's earnings before taxes (EBT) amounted to EUR 8.6 million (previous year: EUR 8.5 million) and was thus on the same level as the previous year. The pre-tax return rate was 12 % (previous year: 13 %). The free cash flow increased significantly to EUR 6.1 million (previous year: EUR 0.5 million). It covered the cash flow from financing activity in an amount of EUR -3.8 million and led to a liquidity surplus of EUR 2.2 million.

"In a relatively weak market environment, Basler AG closed the first nine months of 2016 with strong results in incoming orders and sales. Although the VDMA (Verband Deutscher Maschinen- und Anlagenbau, German Engineering Federation) reported a stagnant market for German manufacturers of image processing components for the first eight months of the year, Basler AG has increased sales by 9%. Regarding the incoming orders Basler AG was able to achieve +23 % which is significantly better than the market with +10 %. With this tailwind we are confident about the remaining weeks of the financial year", said Hardy Mehl, CFO.

For 2016, the company plans with a sales corridor of Euro 94 - 96 million at an EBT margin between 11 - 12 %.

The full nine-month report 2016 can be seen on the company's website (www.baslerweb.com).
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Basler is a leading manufacturer of high-quality digital cameras for industrial applications, medical devices, and traffic systems. Product development is driven by industry requirements. The cameras offer easy integration, compact size, excellent image quality, and an outstanding price/performance ratio. Basler has more than 25 years of experience in vision technology. The company employs over 500 persons at its headquarter in Ahrensburg, Germany, as well as in international subsidiaries and offices in the USA, Singapore, Taiwan, Japan, and Korea.

Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg, Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008