Barco: Best day in 5 months after Q1 order beat

Barco NV

21/04/2021 08:30

** Shares in Barco jump 8.5%, heading for its best day since
Nov., after the Belgian visual technology company's Q1 orders
beat expectations
    ** "We expect to see steady improvements as recoveries in
our markets further materialize," says CEO Jan De Witte
    ** Q1 orders grew 21% compared to Q4 and 10% from Q1 last
year, reaching 228.9 mln euros  ($275.21 mln) and beating
analyst estimates at around 190 mln  urn:newsml:reuters.com:*:nFWN2MD163
    ** "We were pleased with the stronger-than-expected Q1
orders while Q1 sales were in line," says KBC Securities
    ** Broker raises rating to "accumulate" from "hold", citing
new build cinema opportunities, hybrid office re-openings and a
gradual resumption of healthcare investments

($1 = 0.8317 euros)

 ((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))