Basler AG Preliminary Sales 2021/Medium Term Planning 2025 – Basler grew in line with guidance and closed with strong incoming orders, mid-term sales of EUR 400 million

DGAP-News: Basler AG / Tag(s): Preliminary results
28.02.2022 / 10:19
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Company News
Provisional turnover / annual balance sheet

Preliminary turnover for 2021 and new medium-term planning for 2025:
In 2021, Basler experienced growth in line with its forecasts and closed the year with very strong order intake and is targeting medium-term sales of 400 million euros.

Sales 214.7 million (2020: €170.5 million, +26%)

– Incoming orders €322.5 million (2020: €181.6 million, +78%)

– EBITDA €44.5 million (2020: €34.6 million, +29%)

– EBT €28.0 million (2020: €20.4 million, +37%)

– EAT €20.8 million (2020: €15.1 million, +38%)

– Free cash flow of €10.0 million (2020: €14.0 million)

Ahrensburg, February 28, 2022 – BASLER AG, a leading manufacturer of image processing components for computer vision applications, today released preliminary figures for fiscal year 2021.

In a strong market environment marked by bottlenecks for semiconductor components in 2021, the Basel group achieved sales growth of 26% to 214.7 million euros (previous year: 170.5 millions of euros). Incoming orders increased by 78% to EUR 322.5 million (previous year: EUR 181.6 million). Thus, the company set new records for sales and incoming orders. Profit before tax increased by 37% to 28.0 million euros (previous year: 20.4 million euros). The pre-tax margin reached 13.0% (previous year: 12.0%). With these results, Basler met its forecast communicated to capital markets in early November despite a cyberattack in the second half of the month. According to this forecast, the turnover for the financial year 2021 would be between 210 million euros and 220 million euros with an EBT margin included in a corridor between 13 and 15%.

The free cash flow calculated as the sum of operating cash flow and cash flow for investments reached a value of 10.0 million euros (previous year: 14.0 million euros). This was extraordinarily burdened by high inventories due to isolated missing parts as well as strong sales and increased receivables in December.

Basel closes the 2021 financial year with an extremely strong order book amounting to 140.9 million euros. With a book-to-bill ratio of 1.5, the company begins the new financial year with particularly well-filled order books. The difficult supply of semiconductor components will also remain in fiscal 2022 a limiting factor for growth.

These provisional figures are awaiting final validation by the auditors and the supervisory board. The final figures for the 2021 financial year, the 2021 annual report as well as the forecast for 2022 will be published on March 30, 2022.

Highly motivated and continually aiming to achieve more, the Basler Group has recently redefined its medium-term strategic objectives. Growing from a camera supplier to a complete supplier of computer vision components and custom solutions, it is aiming for revenue of 400 million euros by the end of 2025. Management continues to drive the company on an average pre-tax return level of around 12%. If this threshold is exceeded, priority is given to sales growth at a long-term average growth of at least 15% per year. Furthermore, management continues to seek financial independence and thus operates the business with relatively high financial resources and a cash conversion rate (FCF/EAT) of around 70%. In addition to a further expansion of the strong position in the factory automation market, adjacent vertical markets such as medical, traffic and logistics need to be further penetrated.

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Basler is a leading international manufacturer of high quality imaging components for computer vision applications. In addition to classic area scan and line scan cameras, lenses, image sensors, lighting modules and software, the company offers embedded vision modules and solutions, 3D products, as well as custom products and consulting services. Basler’s products are used in a wide variety of markets and applications, including factory automation, medical, logistics, retail and robotics. They are characterized by high reliability, an excellent price/performance ratio and long-term availability. Founded in 1988, the Basler Group has around 1,000 employees at its headquarters in Ahrensburg, Germany, and at locations in Europe, Asia and North America. Through its global sales and service organization and cooperation with renowned partners, it offers suitable solutions for customers from a wide range of industries.

Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 – 62, 22926 Ahrensburg, Tel. +49 (0)4102-463101, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008

Contact:
Basel AG
Verena Fehling
Phone. +49 4102 463 101
Email: [email protected]

28.02.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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