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Basler confirms growth strategy and increases annual forecast

The group’s incoming orders increased by 16% to € 33.3 million (previous year: € 28.7 million). The group’s sales of € 32.2 million were 28 % above the previous year’s value of € 25.2 million. The gross margin improved by almost 6 percentage points to 50.6 % (previous year: 44.8 %). The group’s earnings before taxes (EBT) rose by 77 % to € 3.9 million (previous year: € 2.2 million). The pre-tax return amounted to 12 % (previous year: 9 %).

“The robust incoming orders, the smooth introduction into the market of important new products, and the progress made in sales in markets of great significance to us, give us the confidence to assume that we will succeed in exceeding the previous forecast for 2013, despite an unchanged moderate economic environment”, explains Dietmar Ley (CEO).

Based on the good half-year results, Basler AG increased the forecast for sales and profit for fiscal year 2013 already in mid-July and henceforth expects group’s sales of € 63 to 65 million (previously € 60 to 63 million) at a pre-tax margin of 10 to 11 % (previously 8 to 10 %).