While our sales in Europe grew by approximately 15 % and by as much as 25 % in Germany in the first quarter, business in the Americas and Asia declined by approximately one quarter. To provide a better understanding of these dynamics, we have separated incoming orders and order cancellations from prior years in this report.īusiness development shows strong regional differences. Against this backdrop and given the current weak order situation, we expect to reach a normal order backlog level in the course of the coming quarter. Further high cancellations from old orders in Asia reduced our previously comfortable backlog at the beginning of the year.
Although incoming orders showed a turnaround in the first quarter, they remained at a low level. Since the second quarter of 2022, there has been a noticeable decline in new orders, as well as cancellations and postponements of orders from previous quarters or previous fiscal years. In the first quarter, the combination of weak demand, cost increases and continued material inflows was very challenging and has left a clear mark on our income statement and balance sheet.Īfter historically strong and overheated demand in 2021, the image processing industry's sales markets outside of Europe have already clouded over significantly in the course of the past fiscal year. *Adjusted for cancellations of orders placed in prior yearsĪs indicated in the 2022 annual report, Basler AG got off to a weak start in fiscal year 2023.
BASLER AG STOCK FREE
The issuer is solely responsible for the content of this announcement. +49 (0)4102-463101, ir/, ISIN DE 0005102008Įmail: CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. Founded in 1988, the Basler Group employs more than 1,000 people at its headquarters in Ahrensburg, Germany, as well as other sales and development locations throughout Europe, Asia, and North America.īasler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 – 62, 22926 Ahrensburg, Tel. In addition, it enables customers to solve their vision application issues by developing customer-specific products or solutions.
The company offers a broad coordinated portfolio of vision hardware and software. The proceeds from the sale of own shares strengthen the company’s equity base and serve the announced interests of the company.īasler AG is an international leader and experienced expert in computer vision. Yesterday, the Basler group sold 500,000 pieces of its own shares “over the counter (OTC)” at a share price of Euro 19.25 per share, excluding the subscription rights of shareholders. Ahrensburg, J– BASLER AG, a leading provider of image processing components for computer vision applications, has sold a block of shares.
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