Basler reports 2015 sales figures growth, net income decline

For fiscal year 2015, Basler reported sales growth, aided by significant growth in sales of industrial cameras, while also reporting net income decline as a result of company investments.

First, Basler reports that sales increased by 8% to € 85.4 million from € 79.2 million the previous year. This was due to the fact that the company’s camera business and sales from cameras grew 15% during this time.

However, earnings before profit tax amounted to € 9.1 million, down 18% from € 11.1 million the previous year. Additionally, net income fell from € 8.2 million to € 6.2 million, down 24% from fiscal year 2014. As part of the company’s plans, Basler added additional staff in fiscal year 2015 in order to achieve their medium to long-term growth potential. So the net income decline, according to the Basler release, can be attributed to the company’s investment toward the future.

Following the release of these figures, Basler will propose to this year’s shareholders’ meeting the distribution of a dividend of € 0.58 per share. This corresponds to a distribution ration of 30 % of the after-tax result.

For fiscal year 2016, Basler anticipates an increase of sales to € 90 to 92 million. Additionally, the company is assuming a solid pre-tax return rate between 9 % and 10 % depending on the sales development.

View the company’s annual financial report.

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