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Basler records 85% increase in security camera sales

Published on 10 November, 2010

Basler’s surveillance cameras sales contribute to overall growth of company
In the first three quarters, surveillance camera sales increased by 85% to €29.8 million
The third quarter of 2010 went better than expected for Basler AG. According to preliminary figures, sales and pre-tax earnings were significantly above previous year's levels and beyond the management board's expectations.

Group sales for the first three quarters of 2010 were at €38 million, exceeding the previous year's level of €24 million by 58%. Earnings before taxes (EBT) for the group amounted to €3.8 million, up €11.6 million compared to the previous year's results.

The digital camera business segment in particular is driving this growth. In the first three quarters, camera sales increased by 85% to €29.8 million (€16.1 million in the previous period). Incoming orders were at €33.6 million compared to €18.7 million last year (+79.7%). The preliminary segment result is +€6.5 million.

Assuming continued market development, Basler is once again increasing their guidance for the 2010 fiscal year. They expect group sales to grow to a level between €46 and €48 million (previous guidance: €43 - 45 million; 2009 sales: €33.7 million) at an EBT of no less than €4.1 million (previous guidance: > €3.5 million; 2009 EBT: €8.0 million).

The financial report for the third quarter of 2010 will be published on November 16, 2010.

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