Basler AgXETR: BSL

06.05.2026 Präsentation 3-Monatsbericht 2026 (20260506 Q1 Report 2026)

· Issued by Basler AG

3-Months Report 2026

May 6th, 2026

Hardy Mehl | CEO Ines Brückel | CFO



Agenda

  1. Executive Summary

  2. Financials

  3. Share

  4. Outlook

  5. Q&A



German Industry for Vision Components: Bookings yoy +20 %, billings yoy +9 % (VDMA*)

  • Broader market recovery in many verticals. Manufacturing PMIs for investment goods above 50 with positive trends.

  • Strong market development in semicon, consumer electronics, logistics and data center hardware production.

  • Ongoing high competition intensity, especially in China and Asia Pacific

  • Uncertain US tariff situation. GeopoIitical frictions rising but so far, no direct impact on vision industry.

  • FX headwind from KRW and Yen - devaluation against EUR

  • Expanding lead times and supply bottlenecks become visible

    *Source: VDMA Jan. - March 2026; nominal values



    Q1 2026 vs. Q1 2025:

    Bookings yoy +64 %, billings yoy +30 %

  • Basler clearly outperformed the industry

  • Strong order momentum accelerated in Q1 - positive book-to-bill ratio

  • Highest growth region China. Strong business momentum in all regions

  • Gross Profit Margin improvement to 51.5 %

    (PY adj.: 47.5 %)

  • EBIT almost tripled to € 17.6 mill. (PY adj: € 6.2 mill.);

    EBIT Margin 22.7 % (PY adj.: 10.5 %)

  • Free Cashflow of € 4.8 mill. (PY adj.: € -1.8 mill.)



R&D gross quota from sales: 9.6 %

R&D gross quota from sales (adj.): 12.9 %

23 %

R&D

24 %

R&D

17 %

Administration

13 %

Administration

836

37 %

Sales & Marketing

849

41 %

Sales & Marketing

23 %

Operations

FTEs e/o Q1 2026

22 %

Operations

FTEs e/o Q1 2025



TDI Vision System

Stereo mini

GMSL Vision System

Basler Vision Simulator

NVIDIA GTC,

San Jose, USA

March 16 - 19, 2026

LogiMat, Stuttgart

March 24 - 26, 2026

Vision China, Shanghai

March 25 - 27, 2026





Agenda

  1. Executive Summary

  2. Financials

  3. Share

  4. Outlook

  5. Q&A



    Total Sales and Distribution by Region

    Global Organization

    1

    2 10 9

    1. Headquarters, Germany

    2. U.S

    3. Taiwan



    4. Singapore



17 % (PY: 24 %)

Americas

34 % (PY: 28%) 8







6 7

5

5

6

China

Korea

3

7

Japan

8

India

4

9

Italy

10

France



Sales Offices

China





TOTAL

28 % (PY: 28 %)

EMEA

€ 77.3 mill.

21 % (PY: 20 %)

Asia

Public | © Basler AG 11



Bookings +64 %; billings +30 % yoy

85.6

77.3

52.1

59.5

61.2

52.2

58.5 56.3

65.3

56.5

Q1 2025

Q2 Q3 Q4 Q1 2026

Public | © Basler AG

Incoming Orders mill. € Revenue mill. € 12

47.5 45.6 48.4 48.0 51.5

39.8

28.2

23.8

27.3

27.1

Q1 2025

Q2 Q3 Q4 Q1 2026

Gross Profit mill. € (adj. in 2025) Gross Margin % (adj. in 2025)

EBIT and EBIT Margin

22.7

10.5

4.8

10.3

5.6

17.6

6.2

5.8

2.5

3.2

Q1 2025

Q2 Q3 Q4 Q1 2026

EBIT mill. € (adj. in 2025) EBIT Margin % (adj. in 2025)

P&L Q1 2026 vs. Q1 2025 (in € mill.*)

P&L

Q1 2025

in € mill.*

Q1 2026

(adj.)

+/-

Order Entry

85.6

52.1

64%

Revenue

77.3

59.5

30%

Gross Profit Margin

51.5%

47.5%

4.0 Pp.

EBITDA

21.0

10.1

>100%

EBIT

17.6

6.2

>100%

EBIT Margin

22.7%

10.5%

12.2 Pp.

Net Income

13.0

4.8

>100%

EPS in €

0.42

0.16

>100%

*unless otherwise stated

Free Cashflow

11.0

9.6

8.0

7.6

1.5

-2.7

-2.5

-2.1

-2.7

-2.8

-1.8

4.8

5.3

6.0

9.0

Q1 2025

Q2 Q3 Q4 Q1 2026

OCF mill. € (adj. in 2025), pro-forma* ICF mill. € (adj. in 2025), pro-forma*

FCF mill. € (adj. in 2025), pro-forma*/ **

*adj., pro forma: Q2-Q4 2025 figures are derived on an indicative basis

**excluding foreign exchange effects

Liquidity and Cashflow (in € mill.)

Cash Flow

in € mill.

Q1 2026

Q1 2025

(adj.)

+/-

Cash b/o period

29.0

21.3

36%

Cashflow from Operations

7.6

1.5

>100%

Cashflow from Investments

-2.8

-2.7

-4%

Exchange rate effects cash holdings

-0.1

-0.6

91%

Free Cashflow

4.8

-1.8

>100%

Cashflow from Financing

-5.7

-3.4

-67%

Cash e/o period

28.1

16.1

74%

Net Cash

in € mill.

Q1 2026

Q1 2025

(adj.)

+/-

Liabilities to banks

-42.0

-46.5

10%

Cash and Cash equivalents

28.1

29.0

-3%

Net Debts (w/o leasing)

-13.9

-17.5

20%

Agenda

  1. Executive Summary

  2. Financials

  3. Share

  4. Outlook

  5. Q&A



Basler Shareholder Structure

53 % Norbert Basler Holding GmbH



30 % Free Float

4 % Universal Investment

4 % Norges Bank

4 % Dr. Dietmar Ley

3 % Union Investment

2 % Treasury Shares

*as of 03/31/2026

Basler Share versus TecDax 2026

€ 15.32 opening price on January 2, 2026 Opening Price on May 6th



€ 23.10

€ 12.50 closing price on March 31, 2026

Agenda

  1. Executive Summary

  2. Financials

  3. Share

  4. Outlook

  5. Q&A



We expect the computer vision market to grow at least high single digit in 2026

  • Broader industry recovery to continue with high growth in semicon, consumer electronics, data center hardware and logistics applications

  • Trade and geopolitical conflicts to rise. Combined with the Middle East conflict makes the second half of the year hardly predictable

  • Currency volatility and continuing weakness of KRW, JPY against EUR

  • Supply chains tightening

  • Competitive intensity to stay high,

especially in China and Asia Pacific



Under these assumptions we increased our guidance for 2026:

Revenue: € 247 - 270 mill.

(before € 232 - 257 mill.)

EBIT Margin: 9.5 % - 13 %

(before 6.5 % - 10 %)



Financial Mid-term Plan

~15 %

CAGR

>13 %

EBIT margin

2028

€ 275mill. 70 %

Revenue CCR*



*Cash Conversion Rate FCF/EAT (excl. M&A transactions)

Assumptions:

  • Computer vision market will grow again - mid to high single digit long-term CAGR expected

  • Successful execution of Basler's strategy to address

    a bigger market

  • Market recovery begins 2026 at the latest

  • Access to China market remains



Agenda

  1. Executive Summary

  2. Financials

  3. Share

  4. Outlook

  5. Q&A



Questions & Answers



Hardy Mehl Ines Brückel

Phone +49 4102 463 0

ir@baslerweb.com

Public | © Basler AG 26

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