Positive business figures for the first half year despite Coronavirus. Basler management expects slowdown due to the pandemic in the coming months
Despite the Coronavirus pandemic, Basler had a very good start into the year and has built a sound base for the whole year. Compared to the first half of the previous year, the group significantly increased incoming orders, sales and profit.
In a difficult Coronavirus market environment, the Basler group benefited from its broad geographical presence, a diversified target customer structure and the maintenance of the operational processes.
Compared to the reference period in 2019, sales increased by nine per cent to Euro 88.9 million (previous year: Euro 81.7 million). Incoming orders increased by 10 per cent to Euro 92.3 million (previous year: Euro 84.2 million). Sales and especially order intake is at a very high level. Earnings before taxes developed very positively by Euro 5.6 million to Euro 12.8 million (previous year: Euro 7.2 million, +78 per cent).
However, these very good results have to be put into perspective with the current global economic outlook due to the pandemic and the prospect of a declining order intake at the end of the second quarter. The management assumes that the capital goods market and the associated computer vision market will continue to be negatively affected in the coming quarters. The effects will vary considerably depending on the vertical market.
Furthermore, Basler expects seasonally lower demand for machine vision components in the semiconductor and electronics areas. Consequently, it is forecasted that the strong sales figures of the first six months will weaken in the second half of the year. Against this background, the Basler management expects consolidated sales in the range of Euro 155 – 165 million.
Even if the current macro-economic conditions seem to justify low expectations, the management takes a generally positive view into the future because important growth factors like automation, image processing in new applications away from traditional factories as well as networking of intelligent machines and products (Industry 4.0, IOT) remain intact.
The full half year report 2020 can be seen on the company‘s website www.baslerweb.com