Basler Reports Business Figures for 2014: Company Reaches Again New Record Values
- Sales: € 79.2 million (2013: € 65.1 million, +22 %)
- Incoming orders: € 82.7 million (2013: € 68.6 million, +21 %)
- Pre-tax result: € 11.1 million (2013: € 7.8 million, +42 %)
- Free cash flow: € 7.4 million (2013: € 5.6 million, +32 %)
- Guidance for 2015: Sales € 81 – 84 million, pre-tax return rate 9 - 10 %
The group's sales increased in the fiscal year 2014 by 22 % to € 79.2 million (previous year: € 65.1 million). The gross profit margin increased to 51.8 % after 49.9 % in the previous year. The group’s earnings before taxes (EBT) rose by 42 % to € 11.1 million (previous year: € 7.8 million). The pre-tax return amounted to 14 % (previous year: 12 %). With these results, the upper end of the guidance previously communicated by the company has been achieved.
The cash flow from operational activity amounted to € 16.0 million (previous year: € 12.1 million, +32 %). The free cash flow, calculated as the sum of cash flows from operational activity and investment, reached a value of € 7.4 million (previous year: € 5.6 million, +32 %).
In 2014, Basler AG achieved the best results in the 25 years of the company's history. With this background, Basler AG will propose to this year's shareholders’ meeting the distribution of a dividend of 70 cents per share.
For the fiscal year 2015, the Basler group expects an increase of sales to € 81 to 84 million. Due to attractive growth opportunities in the industrial camera market, investments in future sales growth will be continued with unabated intensity. As far as earnings are concerned, we are assuming a solid pre-tax return rate between 9 % and 10 % depending on the sales development. In 2015, for the first time, the company sales will be generated entirely from its camera business and thus compensate the sales of approximately € 5 million from the systems business shown in 2014.
Basler is a leading global manufacturer of digital cameras for industrial and video surveillance applications, medical devices, and traffic systems. Product designs are driven by industry requirements and offer easy integration, compact size, excellent image quality, and a very strong price/performance ratio. Founded in 1988, Basler has more than 25 years of experience in vision technologies. The company employs over 400 people at its headquarters in Ahrensburg, Germany, as well as in international subsidiaries and offices in the U.S., Singapore, Taiwan, China, Japan, and Korea.