euro adhoc: Basler Vision Technologies AG / Quarterly or Semiannual Financial Statements / Basler increases forecasts for annual sales and year-end result - Third quarter results (E)

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Basler increases forecasts for annual sales and year-end result -
Third quarter results

- Third quarter net profit increases to EUR 0.7 million from EUR 0.1
million in previous year.

- Sales for the first nine months of 2003 improve by 22% over
previous year.

- At EUR 11.8 million, orders received have more than doubled in
third quarter compared to previous year.

- Forecast for annual sales has been raised by 13% to approx. EUR 34
million; estimated end-of-year profit has increased from break-even
to a net return on sales of approx. 1%.

Ahrensburg, 07.11.2003 - Basler AG, a leading company in the field of
Vision Technology, recorded increases in sales, profits and orders
received in the third quarter of 2003 compared to the same period of
the previous year. A 13% increase in third quarter sales to EUR 9.9
million was achieved (Q3/2002 EUR 8.8 million). For the first nine
months of 2003, sales improved by 22% to EUR 24.7 million (Q1-3/2002:
EUR 20.3 million). All business segments contributed to the growth in
sales, with a particularly strong performance from Vision Components
business (high performance cameras for industrial applications) and
the Display Inspection unit (inspection systems for flat-screen
monitor production).

Reflecting the increase in sales and improvements in cost structures,
the net result for the third quarter of 2003 was EUR 689,000 (Q3/2002
at EUR 147,000). The loss recorded in the first quarter of 2003,
attributable to normal seasonal fluctuations, was thus down to EUR
-112,000 at the end of the first nine months of 2003 (Q1-3/2002: EUR
-3.0 million).

Orders received continue to show a particularly positive trend. In
the third quarter, orders amounting to EUR 11.8 million were
recorded. This represents orders received at a level of more than
double that recorded in the comparative period of the previous year
(Q3/2002: EUR 5.7 million, an increase of 106%). For the first nine
months of 2003, orders received increased by 36% to EUR 29.3 million
compared to the same period in the previous year (Q1-3/2002: EUR 21.5
million).

The result for the first nine months of the 2003 financial year shows
a significant improvement over the previous year. The Management
Board has thus revised the sales forecast made at the beginning of
the current year from EUR 30 million to approx. EUR 34 million (+27%
over 2002 at EUR 26.7 million). At the same time, the Management
Board has also increased its forecast for the annual result from
break-even to a positive net return on sales of around 1% (2002: EUR
-3.5 million). The target of achieving a turn-around in the company’s
net result for 2003 would thus be fulfilled.

A detailed quarterly report is available for downloading under
www.baslerweb.com.

Further inquiry note:
Christian Höck
Tel.: +49 (0)4102 463 175
E-Mail: [email protected]
www.baslerweb.com
Tel: +49 (0) 4102 463 0
FAX: +49 (0) 4102 463 109
Email: [email protected]

end of announcement        euro adhoc 07.11.2003
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Emittent: Basler Vision Technologies AG
          An der Strusbek 60-62
          DE-22926 Ahrensburg
Tel:      +49 (0) 4102 463 0
FAX:      +49 (0) 4102 463 109
Email:    [email protected]
WWW:      http://www.baslerweb.com
ISIN:     DE0005102008
WKN:      510200

Indizes: CDAX, Prime All Share, Prime Standard, Technologie All
Share
Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade
Berliner Wertpapierbörse, Bayerische Börse, Hamburger
Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf,
Baden-Württembergische Wertpapierbörse
Branche: Semiconductors & active components
Sprache: Englisch

OTS0009    2003-11-07/07:24

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