Basler AG, the leading global manufacturer of industrial cameras, is presenting today its audited annual report 2017.
In fiscal year 2017, group’s sales recorded an extraordinarily strong growth of 54 % to € 150.2 million (previous year: € 97.5 million). Thus, Basler grew more than two times stronger than the German industry for image processing components which grew by 24 %. This is statistically recorded by the VDMA (Verband Deutscher Maschinen- und Anlagenbau, German Engineering Federation) and represents a key indicator for the global market development. Therefore, in the elapsed fiscal year, Basler again gained market shares and expanded its market leadership.
The pre-tax result amounted to € 29.8 million (previous year: € 11.4 million, +161 %) and the pre-tax rate of return to 19.8 % (previous year: 11.7 %). With these results, the upper end of the guidance previously communicated by the company has been achieved. The net result per share increased from € 2.45 to € 6.74.
The cash flow from operational activity amounted to € 28.4 million (previous year: € 16.1 million, +76 %). The free cash flow, calculated as the difference between the cash flows from operational activity and investments, reached a value of € 18.6 million (previous year: € 8.1 million, +130 %).
With a growth of 68 new employees, the staff was considerably augmented in the fiscal year 2017. For 2018, the company plans to hire over 100 new employees, mainly at the Ahrensburg location, as well as in Asia in order to lay the foundation for further growth in the upcoming years.
Against the background of a positive annual result 2017, the company will propose to this year’s shareholders’ meeting the distribution of a dividend of € 2.02 per share. This corresponds to a distribution ratio of 30 %.
After the extraordinarily positive market development and the very strong growth of Basler in 2017 – in particular for factory applications in Asia – for fiscal year 2018 the management board currently expects a slight one-digit market growth and sales revenues for the Basler group within a corridor of € 145 – 160 million. On the result side, the company plans with a pre-tax return rate of 13 – 15 % depending on the sales development. Given the very high momentum in the sales markets and the limited visibility of the business development in the second half-year, the current range of the sales corridor is relatively broad. The management strives for giving a more precise corridor in the course of the fiscal year.
The complete annual report is available on baslerweb.com/financialreports/
Basler is a leading manufacturer of high-quality digital cameras and accessories for industry, medicine, traffic, and a variety of other markets. The company’s product portfolio encompasses area scan and line scan cameras in compact housing dimensions, camera modules in board level variants for embedded solutions, and 3D cameras. The catalog is rounded off by the user-friendly pylon SDK and a broad spectrum of accessories, including a number developed specially for Basler and optimally harmonized for their cameras. Basler has 30 years of experience in computer vision. The company is home to approximately 500 employees at its headquarters in Ahrensburg, Germany, and its subsidiaries and sales offices in Europe, Asia, and North America.
For more information, please contact us at +49 4102 463 500, e-mail us at sales.europe@baslerweb.com, or visit us on the web at www.baslerweb.com.
