Basler AG : 9M results roughly in line with expectations; promising product rollouts; estimates increased, TP lowered to € 161 (181) due to higher WACC
>Q3 18 down yoy as planned given record 2017 comparables, 9M stable - Basler’s Q3 2018 results were lower yoy, as the company expected. Revenues were down 22.5% yoy to € 33.0m, EBT down 63% yoy to € 4.0m, translating into an EBT margin of 12% (vs. 25% in Q3-17, the strongest quarter of an exceptional year).Q3 2018 order intake increased 25% yoy to € 32.4m, indicating a stabilizing market situation, given that Q2 order intake was down 11% yoy to € 33.7m). Free ca...Basler develops, manufactures and sells machine vision technology. Co. provides line scan cameras and area scan cameras, as well as network cameras. Co.'s cameras are used in a diverse range of industries. They are used in industrial production applications like electronics and semiconductor inspection, in robotics, food control, postal sorting and in print image control. In the medical sector, Co.'s cameras are used in many different tasks, such as microscopy, ophthalmology, and blood or specimen analysis. Co.'s cameras are also fit optimally for the traffic and transportation sector, as well as for the surveillance sector.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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