Barco: No visibility for H1 2021, shares fall

Barco NV

26/01/2021 08:47

** Shares in Barco  BAR.BR  slide 7.1% after Belgian visual
technology company reports full year results  urn:newsml:reuters.com:*:nFWN2K00OL
    ** Barco's 2020 EBITDA shrunk to EUR 53.6 million ($64.98
million) year-on-year, below KBC Securities' consensus of EUR
57.5 million, due to an unfavourable product mix, the brokerage
notes 
    ** The company also sees its H1 EBITDA margin in mid-plus
single digit, although business conditions will still be defined
by the pandemic and offers no guidance for full year 2021
    ** With over 40% H2  EBITDA miss, Barco's results are a
negative surprise and "the pain is not over yet", ING notes
    ** "We believe that investors already need to look at
2022 and beyond to see the attraction of the Barco investment
case", ING adds
    ** KBC Securities analysts remain cautious but look beyond
the pandemic, rating Barco at "accumulate"
    ** The stock fell 7.5% year to date and is the worst
performer on the Belgian BEL 20  .BEL20  index. 


($1 = 0.8248 euros)

 ((dagmarah.mackos@thomsonreuters.com))