AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Barco NV

Earnings Release Oct 26, 2011

3911_ir_2011-10-26_9e5582f8-4a43-4a28-9283-c2a467e92fb3.pdf

Earnings Release

Open in Viewer

Opens in native device viewer

Date: 26 October 2011 For immediate release

Name: JP Tanghe Title: Senior Vice President Barco n.v. Tel: +32 56 26 23 22 E-mail: [email protected]

Regulated information

Trading update 3Q11

Kortrijk, Belgium, 26 October 2011

Barco closed its third quarter with a strong order book of 501.5 million euro, in line with the 497.1 million euro at the end of 3Q10 and 4.5% higher than at the end of 1H11.

Incoming orders for the third quarter were 253.6 million euro compared to 232.1 million euro in 3Q10, an increase year-on-year of 9.2%. Year-to-date incoming orders were 874 million euro, up 8.9% compared to the year before.

Order book

3Q11 3Q10 Change
Barco 501.5 497.1 1.0%

Incoming orders

3Q11 3Q10 Change
Barco 253.6 232.1 9.2%
YTD11 YTD10 Change
Barco 814.0 747.3 8.9%

Total sales for the quarter were 251.8 million euro, which represents a growth rate of 13.1%. Year-to-date Barco's growth rate stood at 25.6%.

Sales per division

3Q11 3Q10 Change
Entertainment 119.1 87.9 35.6%
Healthcare 47.7 43.3 10.1%
Control Rooms & Simulation 43.6 41.1 6.0%
Defense & Aerospace 22.3 24.2 (7.9%)
Ventures 19.5 25.6 (24.1%)
Intra-group eliminations (0.3) 0.6
Barco 251.8 222.7 13.1%
YTD11 YTD10 Change
Entertainment 325.7 198.1 64.4%
Healthcare 138.6 127.1 9.0%
Control Rooms & Simulation 143.1 121.2 18.1%
Defense & Aerospace 75.9 83.1 (8.6%)
Ventures 59.9 63.2 (5.2%)
Intra-group eliminations (1.1) (1.6)
Barco 742.1 591.0 25.6%

Evolution order intake and sales

Digital cinema and healthcare continue to be the strongest growth contributors.

In 3Q11 growth of 9.2% quarter-on-quarter for the company in incoming orders kept pace with the 8.8% growth in 1H11. Overall Barco's business performed in line with expectations.

Evolution EBIT margin

EBIT margin realized in 3Q11 was very much in line with the margin booked in 1H11.

Net financial debt position

At the end of 3Q11 the net financial debt position was positive again.

Barco n.v.

Page 2 of 3

Financial Calendar

2H11 and FY11 results will be communicated on 9 February 2012.

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 visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with about 3,500 employees worldwide. Barco posted sales of 897 million euro in 2010.

© Copyright 2011 by Barco

Barco n.v. President Kennedypark 35 8500, Kortrijk, Belgium

Talk to a Data Expert

Have a question? We'll get back to you promptly.