Basler’s financial results for 2012 showed signs of slow growth. The group’s financial reports announced recently, revealed sales increased by one percent for the fiscal year of 2012 to US$71.9 million (Euros 55.9 million) compared to $70.9 million in 2011. The gross profit margin increased to 48.1 percent after 44.3 percent in the previous year. Earnings before taxes were slightly lower in 2012, amounting to $7.21 million, while pre-tax return amounted to 10.0 percent. Basler noted, though, with these results, the previous guidance communicated by the company has been achieved at the upper end.
Basler's financial results for 2012 showed signs of slow growth. The group's financial reports announced recently, revealed sales increased by one percent for the fiscal year of 2012 to US$71.9 million (Euros 55.9 million) compared to $70.9 million in 2011. The gross profit margin increased to 48.1 percent after 44.3 percent in the previous year. Earnings before taxes were slightly lower in 2012, amounting to $7.21 million, while pre-tax return amounted to 10.0 percent. Basler noted, though, with these results, the previous guidance communicated by the company has been achieved at the upper end.
In addition, the cash flow from operational activity amounted to $16.2 million in 2012, dropping eight percent compared to 2011. Free cash flow also fell by nine percent compared to a year earlier to $8.1 million.
An agreement to focus on the camera business four years ago was concluded at the end of the reporting period, so Basler starts as a pure camera manufacturer in the fiscal year of 2013. Against this background, as in the two previous years, Basler will propose a dividend of 39 cents per share at this year's general meeting.
For fiscal year 2013, the group expects sales revenues to increase from $77.2 million to $81.0 million. Due to attractive growth opportunities in the industrial camera market, investments in future sales growth will be continued. As far as earnings are concerned, Basler is assuming a solid pre-tax return between 8 percent and 10 percent depending on the sales trend.