Basler AG reports nine-month sales of €168 million
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Basler AG reported a 23% increase in nine-month sales, reaching €168 million, with order intake up 29% to €171.8 million. EBITDA surged to €27.2 million from €9.0 million, and net profit improved to €11.1 million from a loss of €6.7 million. The gross margin rose to 47.8%. Management raised the full-year sales guidance to €220-235 million, citing positive developments in China, America, and EMEA, despite ongoing currency challenges and a weak market environment.
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