TRADING UPDATE 1Q17 - Healthy order book for Q1; full year outlook confirmed
21 Apr 2017 13:42 CEST
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 business[1] 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 |
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
[1] Continued business refers to the group revenues excluding the sales of the divested High End Systems activity (see press release 31 March 2017)
Source
Barco
Provider
Euronext
Company Name
BE0003790079-XBRU
ISIN
BE0003790079
Market
Euronext