Trading Update 3Q25

08 Nov 2025 10:09 CET

Continued sales growth, with strong momentum in Entertainment

Kortrijk, Belgium, 15 October 2025, 7:15 am – Today Barco (Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) announced results for the 3rd quarter ending 30 September 2025.

Third quarter 2025 highlights

•  Order intake 3Q25 of €222.1 million, -4% versus 3Q24 (-1% at constant currencies), showing recovery in EMEA, and a softer market in the Americas. YTD order intake of €709.7 million euro, +2% year-over-year.

•  Steady order flow for Entertainment, particularly driven by Cinema, which saw order growth in all regions

•  Orderbook of €539.7 million, growing 2% year-over-year

•  Sales 3Q25 of €227.1 million, +2% versus 3Q24 (+5% at constant currencies), led by a strong performance of Entertainment. YTD sales of €681.5 million euro, or 4% higher year-over-year.

•  Continued momentum for recent new product introductions, including software solutions in all divisions

•  Management reiterates its outlook for full-year topline and EBITDA margin growth in 2025.

•  The Board of Directors approved a new share buyback program of up to €30 million and intends to propose the cancellation of 5,575,000 treasury shares—approximately 6% of Barco’s outstanding shares—at an extraordinary general shareholders meeting planned for 2026.

Executive summary 3Q25

Group topline

Group topline – continued sales growth, driven by Entertainment and recovery in EMEA

Order intake for Entertainment continued to perform well, strongly supported by continued momentum in the Cinema replacement cycle in all regions. Healthcare saw solid contributions from Diagnostic Imaging, especially in EMEA. Orders for Surgical & Modality declined year-over-year, versus a high comparison base in the same quarter last year that included bulk orders. In Enterprise orders were impacted by slower US infrastructure investments in Control Rooms and lower sell-out in Meeting Experience, consistent with recent quarters. The overall order book remains robust, as strategic accounts and new product introductions continue to contribute to pipeline quality, and contains increasing amounts of recurring revenues.

Sales grew 2% year-over-year (5% at constant currencies), led by strong execution in Entertainment, where Cinema rebounded in EMEA and the Americas and Immersive Experience benefited from new product roll-outs. Healthcare showed a mixed picture with Diagnostic Imaging growing, fueled by EMEA, and Surgical & Modality declining.  In Enterprise, Control Rooms faced headwinds from project delays in the US market and LED market shifts, while Meeting Experience faced a cautious investment climate in the Americas. Regionally, EMEA was the strongest region, with particularly strong growth in Entertainment, while the Americas were affected by policy uncertainty and tariff-related pressures.

Quote of the CEO, An Steegen

"The highlight of Barco's third quarter was the great momentum we saw in Entertainment, fueled by strong demand for our latest product launches and sustained progress in the cinema investment cycle.

We maintained overall sales growth for the third consecutive quarter in 2025, despite persistent macroeconomic headwinds and geopolitical uncertainties. This resilience reflects the strength of our portfolio, the trust of our customers, and the dedication of our people.

As we look ahead, we remain committed to delivering innovation that matters, deepening customer relationships, and driving long-term value with our solutions and technology."

Outlook 2025 

The following statements are forward looking on a like-for-like basis and actual results may differ materially

Market conditions remain volatile, with shifting trade policies and currency exchange fluctuations continuing to impact demand visibility. Provided no major deterioration in the macro-economic environment, Barco reiterates its outlook for full-year topline and EBITDA margin growth in 2025. 

Share buyback program and proposed cancellation of shares

Barco continually assesses its capital allocation priorities, including strategic investments and M&A opportunities, to strengthen the company's competitive positioning and capital returns to shareholders. In light of the company's strong balance sheet and free cash flow generation, the Board of Directors has approved a new share buyback program of up to €30 million over the next six months. This follows the successful completion of a previous €60 million buyback in July 2025.

Furthermore, the Board will propose the cancellation of 5,575,000 treasury shares, representing approximately 6% of Barco’s outstanding capital, at an extraordinary general shareholders meeting. This meeting, where the mandate for cancellation will be requested, is planned to coincide with the next ordinary general assembly on April 30th, 2026.

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Barco is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Barco disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Barco.

About Barco

Barco, headquartered in Kortrijk (Belgium), is a global technology company leading in visualization, networking, and collaboration solutions. Its innovative technologies drive advancements in the healthcare, enterprise, and entertainment markets. At the heart of Barco’s success are over 3,000 dedicated ‘visioneers’, each passionately contributing to driving change through technology.

Listed on Euronext (BAR), Reuters (BARBt.BR), and Bloomberg (BAR BB), Barco realized sales of 947 million euro in 2024. For further insights, please visit www.barco.com, or connect on LinkedIn, YouTube, Instagram, and Facebook.

Barco. Visioneering a bright tomorrow. © 2025

2025-10-15-pr-3q25-results.pdf