'Turning the corner in recovery': Barco rises on mid-term outlook

Barco NV

08/09/2022 08:20

** Barco  BAR.BR  shares inch up 2.5% as the Belgian tech
firm set out its earnings targets for the coming three years at
its "Innovate for impact" capital markets day  
    ** Barco guides for an EBITDA margin of between 14% and 18%
over the three-year period, while expecting a high single digit
organic top line growth rate (CAGR) over the period, with a more
articulated growth (10%-15%) in 2023
    ** "We think this CMD will show Barco is turning the corner
in its recovery from the pandemic," KBC Securities says in a
note
    ** Barco also confirmed its FY outlook of 25% top line
year-on-year growth YoY, and an EBITDA margin of between 10%-12%
    ** This shows the firm is well prepared to deliver steady
sales growth and further improve margins on product mix and
operational improvements, KBC notes
    ** Up to the previous session's close, shares were up 15.2%​
YTD
    

 (Reporting by Dagmarah Mackos)
 ((dagmarah.mackos@tr.com))