Basler AG's Nine-Month Financial Update Reveals Mixed Results

Basler AG, a prominent player in image processing for computer vision applications, reported its financial figures for the first nine months of 2024. Sales totaled EUR 136.7 million, down 13% from the previous year's EUR 157.5 million. Despite the sales decline, incoming orders increased by 4% to EUR 133.5 million.

The company's EBITDA more than doubled, reaching EUR 9.0 million compared to EUR 3.3 million last year. Pre-tax losses reduced from EUR 16.1 million to EUR 4.9 million, translating to a smaller pre-tax return rate of -3.6%.

Challenges such as global economic uncertainties and decreased demand from key sectors, particularly in China and Europe, affected results. Consequently, Basler adjusted its 2024 sales forecast to EUR 178-184 million and anticipates a negative pre-tax result between EUR 8-12 million.