Earnings Release • Oct 26, 2011
Earnings Release
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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]
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.
| 3Q11 | 3Q10 | Change | |
|---|---|---|---|
| Barco | 501.5 | 497.1 | 1.0% |
| 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%.
| 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% |
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.
EBIT margin realized in 3Q11 was very much in line with the margin booked in 1H11.
At the end of 3Q11 the net financial debt position was positive again.
Barco n.v.
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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.
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
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