Earnings Release • Oct 19, 2016
Earnings Release
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Kortrijk, Belgium, 19 October 2016 – Today Barco (Euronext: BAR-EB; Reuters: BARBt.BR; Bloomberg: BAR BB) announced the results for the third quarter ended 30 September 2016.
Sales for the quarter were 261.8 million euro, an increase of 13.7% compared to the third quarter of 2015.
Sales year-to-date were 791.0 million euro, up 7.2% compared to 30 September 2015.
Incoming orders booked during the third quarter of 2016 were 266.7 million euro, a decrease of 1% compared to the third quarter of 2015.
Order book as of 30 September 2016 stood at 330.1 million euro, essentially flat compared to 30 June 2016.
"Building on a strong 1H performance, Barco delivered a solid third quarter, with continued market penetration in Healthcare, ClickShare and Cinema, the latter specifically in the jointventure in China. This results in robust sales while maintaining a healthy order book," said Jan De Witte, CEO.
"During the quarter we also continued to execute on and invest in our strategic growth initiatives, as planned."
"Given these investments and with a good performance year-to-date we feel confident to confirm our outlook with sales growth for the full year to be in the mid-single digit range and with EBITDA for the second half expected to be similar to the second half of 2015."
| Order Book | |||||
|---|---|---|---|---|---|
| (in millions of euros) | 3Q16 | 2Q16 | 1Q16 | 4Q15 | 3Q15 |
| Order book | 330.1 | 332.4 | 350.5 | 333.2 | 367.2 |
| Order Intake | |||||
| (in millions of euros) | 3Q16 | 2Q16 | 1Q16 | 4Q15 | 3Q15 |
| Order Intake | 266.7 | 252.0 | 280.8 | 251.9 | 269.3 |
| (in millions of euros) | YTD16 | YTD15 | Change | ||
| Order Intake | 799.5 | 791.8 | 1.0% |
Page 1 of 3 Barco NV, Beneluxpark 21, B-8500 Kortrijk, Belgium Registered office: Pr. Kennedypark 35, B- 8500 Kortrijk, Belgium
www.barco.com
| (in millions of euros) | 3Q16 | 2Q16 | 1Q16 | 4Q15 | 3Q15 |
|---|---|---|---|---|---|
| Sales | 261.8 | 274.1 | 255.1 | 292.4 | 230.3 |
| Sales per division | |||||
| (in millions of euros) | 3Q16 | 3Q15 | Change | ||
| Entertainment | 142.2 | 109.8 | +29.5% | ||
| Enterprise | 64.5 | 66.8 | -3.4% | ||
| Healthcare | 55.2 | 53.5 | +3.2% | ||
| Intra-group eliminations | -0.1 | 0.4 | |||
| Group | 261.8 | 230.3 | +13.7% | ||
| (in millions of euros) | YTD16 | YTD15 | Change | ||
| Entertainment | 414.8 | 374.2 | +10.9% | ||
| Enterprise | 205.5 | 205.7 | -0.1% | ||
| Healthcare | 170.8 | 158.2 | +8.0% | ||
| Intra-group eliminations | 0.0 | 0.3 | |||
| Group | 791.0 | 737.6 | 7.2% |
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]
Page 3 of 3 Barco NV, Beneluxpark 21, B-8500 Kortrijk, Belgium Registered office: Pr. Kennedypark 35, B- 8500 Kortrijk, Belgium
www.barco.com
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