Barco NV

Latest Results (15.01.2025):

Revenue and Sales

In the fiscal year 2023, Barco NV reported sales of €1,050.1 million, which represents a slight decrease of 1% compared to 2022. However, when adjusted for constant currencies, sales showed a modest increase of 1%. The order intake for the year was €1,061.6 million, slightly surpassing the previous year's figures, driven primarily by strong demand in the Entertainment division.

Profitability and Earnings

Barco NV achieved an EBITDA of €142.5 million in 2023, up from €126.5 million in 2022, resulting in an EBITDA margin of 13.6%. The adjusted EBIT also saw an increase, reaching €102.1 million compared to €90.1 million in the previous year. Net earnings for the year were reported at €80.2 million, an improvement from €75.2 million in 2022.

Dividends

The Board of Directors of Barco NV has proposed an increase in the gross dividend to €0.48 per share, up from €0.44 per share in the previous year. This proposal reflects the company's improved financial performance and commitment to returning value to shareholders.

Regional Performance

Barco NV's sales performance varied across regions in 2023. While sales in the EMEA region grew by 4%, the Americas experienced a 4% decline year-over-year. In the APAC region, sales were impacted by lower performance in China, resulting in a net decline of 4%, despite double-digit growth in other countries within the region.

Outlook for 2024

Looking ahead to 2024, Barco NV anticipates a return to normalized customer inventory levels and plans for multiple new product launches. The company expects the topline for the year to be in line with 2023, with a gradual increase starting from the second quarter. The EBITDA margin is projected to improve further, exceeding 14% for the full year.