Basler AG Announces 2023 Financial Results and Provides Optimistic Outlook for 2024

Basler AG, a leader in image processing for computer vision applications, shared its audited financial statements for 2023, revealing a significant downturn in performance compared to the previous year. Sales dropped to €203.1 million from €272.2 million, and incoming orders decreased to €166.9 million from €248.4 million, leading to a pre-tax loss of €20.2 million. These figures align with revised forecasts issued in November due to restructuring costs amounting to €12.2 million.

In light of these losses, the supervisory board endorsed the management's suggestion to withhold dividends for 2023, aiming to stabilize the company amidst uncertain economic conditions. Despite this, Basler AG has successfully introduced measures to reduce its profit threshold for 2024, with an optimistic sales forecast set between €190 million and €210 million and a pre-tax return goal ranging from 0% to 5%.

The first quarter of 2024 is expected to reflect a gradual recovery, with sales predicted to be under €45 million and a forecasted pre-tax loss. However, the management remains hopeful for a medium-term rebound, targeting a return to Basler's average sales growth of 15% and achieving sales of €300 million with a minimum pre-tax return of 12% by 2027. This outlook hinges on the anticipated recovery in key markets and sustained access to the Chinese market despite geopolitical challenges.

Basler AG also underscores its commitment to sustainable corporate growth by integrating social and environmental objectives, with a goal to achieve carbon neutrality in Scopes 1 and 2 by 2030. These endeavors reflect Basler's mission to leverage computer vision technology for enhancing quality of life, solidifying its position as a market leader amid evolving challenges.