Basler jumps after third annual forecast increase this year

By Reuters News15:23 (UTC), 29 October 2026 Updated

** Shares in Basler BSLG.DE rise about 12% to the top of Germany's small-cap SDAX .SDAXI index

** BSLG lifts 2026 forecast for the third time this year following strong preliminary nine-month results

** Raises 2026 sales forecast to €295-300 million from €270-290 million previously and upgrades EBIT margin view to 17.5%-19.5% from 12.5%-14.5%

** "Key drivers of demand included applications in semiconductor and electronics manufacturing, data centers, and logistics automation" - company

** Shares are on track for their best day since May, and up nearly 60% year-to-date

($1 = 0.8971 euros)

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