Basler AG: Discover the Future of Imaging Technology Today!

• Basler AG reported preliminary sales of EUR 136.8 million for the first nine months of 2024, a 13% decrease from EUR 157.5 million in the previous year.
• Incoming orders increased by 4% to EUR 133.5 million compared to EUR 128.3 million in the previous year.
• EBITDA improved significantly to EUR 9.0 million, up from EUR 3.3 million in the previous year, while EBT was a loss of EUR -4.9 million, an improvement from EUR -16.1 million.
• The company adjusted its 2024 sales forecast to EUR 178 to 184 million, down from EUR 190 to 200 million, and expects a pre-tax loss of EUR -8 to -12 million.
• A cost-reduction program is being implemented, including personnel cost reductions and a freeze on material costs and investments, with a new break-even point set below EUR 180 million for 2025.
• The Management Board is undergoing restructuring, with Hardy Mehl taking over as Chief Commercial Officer, and a new CFO will be appointed effective January 1, 2025.

The price of Basler at the time of the news was 8,1750EUR and was down -1,92 % compared with the previous day.
15 minutes after the article was published, the price was 7,6000EUR this corresponds to a minus of -7,03 % since publication.

Basler

-6,57 %

-6,54 %

+3,63 %

+31,36 %

-28,70 %

-74,79 %

-36,84 %

+37,14 %

-15,13 %

ISIN:DE0005102008WKN:510200

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