Barco falls as component shortages weigh on Q3 sales, guidance
20/10/2021 09:03
** Shares in Barco BAR.BR are down 2% after falling as
much as 6% after the Belgian visual technology company said
component shortages caused delays affecting Q3 sales and
guidance
** Component shortages delayed the conversion of orders into
sales in Q3 with an impact of 15 million euros and should keep
on weighing on Barco's order book as it enters 2022 urn:newsml:reuters.com:*:nFWN2RF1DN
** "Now, the management guides for a mid-single-digit
percentage sales growth (previously guided for a "marked
increase") in FY21 sales," ING says
** KBC says the healthcare unit was the main disappointment
** "Healthcare saw its orderbook further strengthen while
sales were severely affected by component shortages both in the
Diagnostics and the Surgical segment," KBC adds
(Reporting by Diana Mandia Alvarez)
((diana.mandiaalvarez@thomsonreuters.com))