EQS-Adhoc

Basler AG confirms business figures for 2023: Annual result confirmed, supervisory board supports proposal for appropriation of profits, outlook for 2024

EQS-Ad-hoc: Basler AG / Key word(s): Annual Results Basler AG confirms business figures for 2023: Annual result confirmed, supervisory board supports proposal for appropriation of profits, outlook for 2024 27-March-2024 / 18:04 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2024 (MAR) Business figures / annual financial statements

Basler AG confirms business figures for 2023: Annual result confirmed, supervisory board supports proposal for appropriation of profits, outlook for 2024 

• Sales Euro 203.1 million (2022: Euro 272.2 million, -25 %)
• Incoming orders Euro 166.9 million (2022: Euro 248.4 million, -33 %)
• EBITDA Euro 1.7 million (2022: Euro 45.8 million, -96 %)
• EBITDA before restructuring expenses Euro 8.5 million
• EBT Euro -20.2 million (2022: Euro 28.3 million, >-100 %)
• EBT before restructuring expenses Euro -8.0 million
• EAT Euro -13.8 million (2022: Euro 21.4 million, >-100 %)
• Result per share Euro -0.45 million (2022: Euro 0.71, >-100 %)
• Free cash flow Euro -9.2 million (2022: Euro -31.8 million)
• Forecast 2024: Sales Euro 190 million to Euro 210 million, pre-tax return 0 % to 5 %

Ahrensburg, March 27, 2024 – Basler AG, a leading supplier of image processing solutions for computer vision applications, is today publishing its audited annual financial statements for the financial year 2023. The financial statements have been confirmed by the supervisory board.  

After a decade and a half of uninterrupted profitable growth, compared to the previous year, incoming orders of the Basler group reduced by 33 % to Euro 166.9 million (previous year: Euro 248.4 million), sales declined by 25 % to Euro 203.1 million (previous year: Euro 272.2 million), resulting in a pre-tax loss of Euro -20.2 million (previous year: Euro 28.3 million). One-time restructuring expenses amounted to Euro 12.2 million and accounted for a significant portion of the pre-tax loss.