Barco NV

BAR

Equity

ISIN BE0974362940 / Valor 55641043

Euronext - Euronext Brussels (2024-09-17)

EUR 11.68-1.10%

Barco NV
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Barco NV is a Belgian company that was founded in 1934 in Poperinge, Belgium. The company initially started as a radio assembly business, importing parts from the United States. Over the years, Barco has evolved into a global technology company specializing in visualization and collaboration solutions for various industries such as entertainment, healthcare, and enterprise. With a strong focus on innovation and quality, Barco has established itself as a leader in the market, providing cutting-edge products and services to its customers worldwide.

Summarized from source with an LLMView SourceSector: Technology

Revenue and Sales

Barco NV reported sales of €1,050.1 million for the full year 2023, which is a slight decrease of 1% compared to 2022. However, when adjusted for constant currencies, sales showed a 1% increase. The Entertainment division saw double-digit growth, primarily driven by strong demand for laser projectors in Cinema, while the Healthcare division experienced a decline.

Profitability

Barco NV achieved an EBITDA of €142.5 million for 2023, up from €126.5 million in 2022, resulting in an EBITDA margin of 13.6%. This improvement was attributed to a favorable product mix and stringent cost control measures. The gross profit margin also reached a record high of 41.8%, reflecting a 2.8 percentage point increase year-over-year.

Net Earnings

Net earnings for Barco NV in 2023 were €80.2 million, compared to €75.2 million in 2022. This increase in net earnings was driven by improved profitability and operational efficiencies. The company also reported a significant improvement in free cash flow, which rose to €38.0 million from €13.1 million in the previous year.

Dividends

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

Outlook for 2024

For 2024, Barco NV expects topline performance to be in line with 2023, with a gradual increase starting from the second quarter. The company anticipates further improvement in the EBITDA margin, aiming for it to exceed 14% for the full year. Management also plans for multiple new product launches and a return to normalized customer inventory levels.

Summarized from source with an LLMView Source

Key figures

-40.4%1Y

-38.4%3Y

-53.5%5Y

Performance

40.8%1Y

34.0%3Y

39.1%5Y

Volatility