Basler reports 2012 earnings
Basler, a global manufacturer of industrial cameras, says the company is achieving results that stand out against the company’s 25-year history.
According to its 2012 financial report, the group’s sales increased by one per cent from €55.1 (CA $72 million) to €55.9 million (CA $73 million). The gross profit margin increased by 3.8 per cent to 48.1 per cent. Before taxes, the German-based company made the same earnings as the previous fiscal year, €5.6 million (CA $7.3 million). The pre-tax return amounted to 10 per cent falling 0.2 per cent from last year.
“Due to attractive growth opportunities in the industrial camera market, investments in future sales growth will be continued with unabated intensity,” the company said in a press release. “As far as earnings are concerned, Basler AG is assuming a solid pre-tax return between eight per cent and 10 per cent depending on the sales trend.”
The company’s cash flow from operational activity fell eight per cent from the previous year resulting in €12.6 million (CA $16.5 million). The free cash flow also dropped by nine per cent from the pervious fiscal year to €6.3 million (CA $8.2 million) (calculated as the sum of cash flows from operational activity and investment). Basler is proposing the distribution of a 30-cent dividend per share.