EQS-News

Basler AG closes the first three months 2024 as planned

EQS-News: Basler AG / Key word(s): Quarter Results Basler AG closes the first three months 2024 as planned  07.05.2024 / 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.