Earnings Release • Apr 20, 2016
Earnings Release
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Kortrijk, Belgium, 20 April 2016 – Today Barco (Nyse/Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) announced the results for the first quarter ended 31 March 2016. 1
Incoming orders booked during the first quarter of 2016 were 280.8 million euro, an increase of 10.3% compared to the first quarter of 2015.
Order book as of 31 March 2016 stood at 350.5 million euro, up 17.3 million euro compared to 31 December 2015 and up 10.8 million euro compared to 31 March 2015.
Sales for the quarter were 255.1 million euro, an increase of 5.6% up compared to the first quarter of 2015.
"Barco delivered an encouraging first quarter with good growth in incoming orders, backlog and sales. Healthcare and Enterprise continued to grow while the Entertainment division delivered stable performance in Q1," said Eric Van Zele, president and CEO. "We are on track to deliver on our outlook for 2016."
| Order Book | |||||
|---|---|---|---|---|---|
| (in millions of euros) | 1Q16 | 4Q15 | 3Q15 | 2Q15 | 1Q15 |
| Order book | 350.5 | 333.2 | 367.2 | 333.1 | 339.7 |
| Order Intake | |||||
| (in millions of euros) | 1Q16 | 4Q15 | 3Q15 | 2Q15 | 1Q15 |
| Order Intake | 280.8 | 251.9 | 269.3 | 267.9 | 254.6 |
| Sales | |||||
| Sales | |||||
| (in millions of euros) | 1Q16 | 4Q15 | 3Q15 | 2Q15 | 1Q15 |
| Sales | 255.1 | 292.4 | 230.3 | 264.6 | 241.6 |
1 All figures for 2015 are presented on a pro forma basis adjusted for the divestiture of the Defense & Aerospace division and reorganization of the company's core businesses effective 1 January 2015.
Registered address: Barco NV, President Kennedypark 35, 8500 Kortrijk, VAT BE 0431.157.278, RPR Kortrijk
| (in millions of euros) | 1Q16 | 1Q15 | Change |
|---|---|---|---|
| Entertainment | 133.1 | 134.9 | -1.3% |
| Enterprise | 64.9 | 58.9 | +10.2% |
| Healthcare | 57.2 | 47.8 | +19.7% |
| Intra-group eliminations | (0.1) | 0.1 | |
| Group | 255.1 | 241.6 | +5.6% |
| - | Annual General shareholders meeting | Thursday 28 April 2016 |
|---|---|---|
| - | Ex-Dividend Trading date | Tuesday 10 May 2016 |
| - | Record date for Dividend | Wednesday 11 may 2016 |
| - | Payment date for Dividend | Thursday 12 May 2016 |
| - | Announcements of results 1H16 | Wednesday 20 July 2016 |
| - | Trading Update 3Q16 | Wednesday 19 October 2016 |
The information given in this press release has not been reviewed by the statutory auditor.
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 3,300 employees worldwide. Barco posted sales of 1.029 billion euro in 2015.
For more information and the Annual report 2015, please visit the Company's website at www.barco.com
© Copyright 2016 by Barco
Carl Vanden Bussche, VP Investor Relations +32 56 26 23 22 or [email protected]
Barco NV, Beneluxpark 21, 8500 Kortrijk, Belgium Registered address: Barco NV, President Kennedypark 35, 8500 Kortrijk, VAT BE 0431.157.278, RPR Kortrijk
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