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EQS-News: Basler AG / Key word(s): Quarter Results
Basler AG closes the first three months 2024 as planned
2024-05-07 / 06:50 CET/CEST
The issuer is solely responsible for the content of this announcement.
Corporate News
Three-month result
Basler AG closes the first three months 2024 as planned
. Incoming orders Euro 44.0 million (previous year: Euro 54.1 million, -19 %
. Sales Euro 43.5 million (previous year: Euro 56.3 million, -23 %)
. EBITDA Euro 1.0 million (previous year: Euro 3.6 million, -72 %)
. EBT Euro -3.6 million (previous year: Euro -1.6 million)
. EAT Euro -3.9 million (previous year: Euro -2.2 million)
. Free cash flow Euro -3.4 million (previous year: Euro -7.7 million)

Ahrensburg, May 7, 2024 - BASLER AG, a leading provider of image processing components for computer vision
applications, is today presenting final figures for the first three months of 2024.
Incoming orders amounted to Euro 44.0 million (previous year: Euro 54.1 million) in the first three months of 2024.
Compared to the previous quarter, incoming orders grew by 14 % and were slightly higher than sales. Compared to the
same period of the previous year, sales decreased by 23 % to Euro 43.5 million (previous year: Euro 56.3 million). The
incoming orders to sales ratio was balanced for the first time in six quarters. The gross margin also improved and
reached the previous year's level at 44.6 %.
The reason for the low level of incoming orders and sales was the persistently weak demand from the equipment
industries for consumer electronics, logistics and laboratory automation in Asia and North America. In contrast, demand
in Europe was relatively robust in the first quarter. Increased customer inventories resulting from over-ordering
during the chip crisis further dampened already low demand. High interest rates and geopolitical tensions continued to
prevent the business climate in capital goods markets from improving at the end of the quarter.
The free cash flow, the sum of cash flow from operating activities and cash flow from investments, amounted to Euro
-3.4 million (previous year: Euro -7.7 million).
The restructuring program was largely completed by the end of 2023 and the break-even point was reduced to below Euro
200 million in sales. As all follow-up measures are running according to plan and a weak start to the year has been
taken into account in the forecast; the forecast for 2024 is confirmed. Accordingly, the management expects to achieve
sales of between Euro 190 - 210 million and a pre-tax margin of between 0 - 5 %.
The forecast takes into account the fact that excess inventories held by customers are expected to be largely reduced
by the end of the second quarter and that the dampening effect on demand will continue to diminish until then. In terms
of original demand, there are currently no signs of a positive turnaround in incoming orders, although this is expected
in the second half of the year.
The full quarterly report can be seen on the company website (www.baslerweb.com).
Basler AG is an international leader and experienced expert in computer vision. The company offers a broad coordinated
portfolio of vision hardware and software. In addition, it enables customers to solve their vision application issues
by developing customer-specific products or solutions. Founded in 1988, the Basler Group employs more than 1,000 people
at its headquarters in Ahrensburg, Germany, as well as other sales and development locations throughout Europe, Asia,
and North America.

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:
Basler AG
Verena Fehling
Tel. +49 4102 463 101
Email: Verena.fehling@baslerweb.com
2024-05-07 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Basler AG 

An der Strusbek 60-62
22926 Ahrensburg
Germany

Phone:        04102-463 0 
Fax:          04102-463 109 
E-mail:       ir@baslerweb.com 
Internet:     www.baslerweb.com 
ISIN:         DE0005102008 
WKN:          510200 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1896931

End of News EQS News Service
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1896931 2024-05-07 CET/CEST

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END) Dow Jones Newswires

May 07, 2024 00:50 ET (04:50 GMT)