Shares of Basler slide on slowing growth momentum

Basler AG

03/08/2022 09:11

** Shares of German industrial cameras maker Basler
 BSLG.DE  slide 1.7% on weak H1 results  urn:newsml:reuters.com:*:nASM000LXA
    ** Jefferies notes that order momentum is "starting to cool
off" 
    ** Q2 figures show the anticipated normalization with weaker
top-line growth, primarily burdened by ongoing supply
constraints for semi components and lockdown measures in China,
the broker adds
    ** The company reports a 23% decline in H1 EBITDA to 23
million euros and a drop in pretax profit of 29% 
    ** The broker sees further order slow-down in H2, ongoing
supply shortages but also expects some positive pricing effects
    ** The stock is among worst performers on German small-cap
index  .SDAXI 

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))