euro adhoc: Basler Vision Technologies AG / Annual Reports / Preliminary figures for Basler show record turnover and earnings for 2004 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.


Preliminary figures for Basler show record turnover and earnings for 2004

  • Record turnover of Euro 52.3 million, +47% vis-à-vis 2003
  • Record pre-tax earnings of Euro 5.1 million (2003: Euro 0.7 million)
  • Change in management: John Jennings appointed as Chief Commercial Officer

Ahrensburg, 31 January 2005 - Basler AG, the leading company for Vision Technology, the technology on which artificial vision systems are based, has achieved the best-ever results in the company’s history according to preliminary figures for 2004.

Turnover for 2004 rose by 47% to Euro 52.3 million (2003: Euro 35.7 million). Both company divisions played their part in contributing to this success. Vision Components (high-performance cameras for industrial applications) increased turnover by 26% from Euro 13.0 million (2003) to Euro 16.4 million (2004), while Vision Systems (turn-key inspection systems for mass production) boosted its turnover by 58% from Euro 22.7 million (2003) to Euro 35.9 million (2004). The increase in turnover is mainly attributable to product innovation which has broadened the company’s share of all target markets.

Higher turnover together with optimized productivity has lead to pre-tax earnings for 2004 of Euro 5.1 million (2003: Euro 0.7 million). A positive tax-result of Euro +1.7 million yielded a net result of Euro 6.9 million (2003: Euro 3.0 million). Net earnings per share improved by 131% reaching Euro 1,96 (2003: Euro 0,85).
In spite of the strong increase in turnover, a positive net cash flow for 2004 of Euro 1.5 million was still recorded (2003: Euro 1.4 million).

Overall order income of Euro 50 million was achieved for 2004 - an increase of 12% compared to the previous year (2003: Euro 44.9 million).

These provisional figures are awaiting attestation by the auditors and approval by the Supervisory Body. The definitive figures together with the annual report will be presented at the press conference to be given for the publication of the financial statement on 9th March.

Based on conservative estimates for the 2005 financial year, company management expects a slight increase in turnover in the lower one digit percentage region with good profitability similar to that of 2004. From today’s perspective it is expected that the first and fourth quarter of 2005 will be weaker than in the previous year, whilst the second and third quarter of 2005 should prove more vital than they were in 2004.

The 1st February 2005 will see the introduction of a new division of tasks and responsibilities for the management board of Basler AG. During these moves Chief Operations Officer Axel Dancker will be leaving the company on 31st March 2005 after three years service. And the board will be welcoming John Jennings (41), former Managing Director of the US subsidiary Basler Inc., who will take up the post of Chief Commercial Officer (CCO). As of 1st February 2005 the responsibilities of the management board will be structured as follows:

Dietmar Ley (CEO): business units, research & development, personnel;

Peter Krumhoff (CFO/COO): finances, production, procurement, logistics, communications, administration;

John Jennings (CCO): sales, international operations.

Further inquiry note:
Christian Höck
Tel.: +49 (0)4102 463 175

end of announcement euro adhoc

emitter: Basler Vision Technologies AG
An der Strusbek 60-62
D-22926 Ahrensburg
phone: +49 (0) 4102 463 0
FAX: +49 (0) 4102 463 109
ISIN: DE0005102008
sector: Semiconductors & active components
language: English