Barco NV

Earnings Release • Apr 21, 2017

TRADING UPDATE 1Q17

Healthy order book for Q1; full year outlook confirmed

Kortrijk, Belgium, 21 April 2017 – Today Barco (Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) announced the results for the first quarter ended 31 March 2017.

Incoming orders booked during the first quarter of 2017 were 283.5 million euro, an increase of 0.9% compared to the first quarter of 2016.

Order book as of 31 March 2017 stood at 354.8 million euro, a 10.6% increase versus end of last year and flat compared to the first quarter of last year.

Sales for the quarter were 246.2 million euro, a decrease of 3.5% compared to the first quarter of 2016. The Enterprise and Healthcare divisions registered good growth in the first quarter, while the Entertainment division reflected the anticipated softening of demand in China and slower shipments in the US in our digital cinema business.

Quote of the CEO, Jan De Witte

"We are confirming the sales outlook for the full year at mid-single digit growth for the continued business1 as we expect first half order momentum to translate into sales growth in the second half of the year.

Our target of further improving our EBITDA remains unchanged reflecting our strengthened focus on execution discipline supported by the launch of our strategic "focus to perform"-framework."

Order Intake & Order Book

Order Intake
(in millions of euro)	1Q17	4Q16	3Q16	2Q16	1Q16
Order Intake	283.5	281.7	266.7	252.0	280.8
Order Book
(in millions of euro)	1Q17	4Q16	3Q16	2Q16	1Q16
Order book	354.8	320.8	330.1	332.4	350.5

P 1 / 2 1 Continued business refers to the group revenues excluding the sales of the divested High End Systems activity (see press release 31 March 2017)

Sales

Sales

(in millions of euro)	1Q17	4Q16	3Q16	2Q16	1Q16
Sales	246.2	311.3	261.8	274.1	255.1
Sales per division
(in millions of euro)		1Q17	1Q16		Change
Entertainment		122.6	137.5		-10.8%
Enterprise		64.6	60.5		+6.8%
Healthcare		59.1	57.2		+3.3%
Intra-group eliminations		0.0	-0.1
Group		246.2	255.1		-3.5%

Additional information

Financial Calendar

-	Annual general shareholders meeting	Thursday 27 April 2017
-	Ex-Dividend Trading date	Tuesday 9 May 2017
-	Record date for Dividend	Wednesday 10 may 2017
-	Payment date for Dividend	Thursday 11 May 2017
-	Announcements 1H17 results	Wednesday 19 July 2017
-	Trading Update 3Q17	Wednesday 18 October 2017

The information given in this press release has not been reviewed by the statutory auditor.

About Barco

Barco, a global technology company, designs and develops networked visualization products for the Entertainment, Enterprise and Healthcare markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and APAC. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with 3,500 employees worldwide. Barco posted sales of 1.102 billion euro in 2016.

For more information, please visit the Company's website at www.barco.com

© Copyright 2017 by Barco

For more information, please contact:

Carl Vanden Bussche, VP Investor Relations +32 56 26 23 22 or carl.vandenbussche@barco.com

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