Barco jumps after 'strong' sales growth
19/10/2022 08:35
** Shares in Barco BAR.BR are up 4.4% after the company
reports "strong" sales growth and rising orders in Q3, also
confirming its FY outlook urn:newsml:reuters.com:*:nFWN31J3U3
** The Belgian tech firm publishes Q3 sales at 262.2 million
euros ($257.40 million), a 40% increase vs Q3 2021
** "Geographically, sales grew across all regions," says KBC
in a note, the brokerage adding it had expected a weaker
performance of company's healthcare division in China
** The company also announces Q3 orders at EUR 242.0
million, up 8% yoy, reflecting a "strong demand for Barco’s
products in all regions," notes KBC
** Barco confirmed its "positive outlook" for 2022 (topline
growth above 25% and EBITDA level between 10 and 12%), outlook
being welcomed by KBC
($1 = 1.0186 euros)
(Reporting by Clement Martinot)
((Clement.martinot@tr.com))