Q3 2024 Basler AG Earnings Call Transcript
Key Points
- Bookings for the first nine months of the year are up by 4%, outperforming the industry average.
- Gross profit margins have improved from 38% to 48% over the past year, indicating better cost management.
- Operational cash flow has shown significant improvement, with a positive free cash flow for the last two quarters.
- The company is investing heavily in R&D, with 15.5% of sales reinvested, and 25% of staff working in R&D.
- Basler AG (XTER:BSL) is transitioning from a single component company to a full-line solutions provider, expanding its market reach.
- Sales have decreased by 13% in the first nine months, aligning with the industry's downward trend.
- The company reported a pre-tax loss of EUR 4.9 million for the first nine months, with a weak Q3 contributing to this loss.
- The market environment remains challenging, with weak demand in all regions, particularly in the Americas and Asia.
- The company had to revise its sales guidance downward to EUR 178 million to EUR 184 million, reflecting ongoing market uncertainties.
- Basler AG (XTER:BSL) is undergoing staff reductions to lower its breakeven point, indicating ongoing financial pressures.
Warm welcome to our nine month earnings report from Basler for those of you who don't know me. My name is Hardy, I'm CFO and COO of the company and would like to run you through today's earnings report before we do this, I would like to remind you on our disclaimer that the statements we are making here are using information available to the management at the time.
These are forward-looking statements we are making by nature, subject to significant known and unknown risks and uncertainties. So neither the group nor the management board therefore can assume any liability for the statements made.
Please carefully look at the disclaimer and let's start.
So looking at the agenda for today, we start as usual with an executive summary, putting the main messages on top. We then dig further into our financial situations into the different P&L cash flow elements. We then have a quick glance at the share performance over the reporting period here and also the ownership structure.
And this brings us
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
