Barco rises on short term recovery expectations
17/07/2024 09:11
July 17 (Reuters) - ** Shares in Barco BAR.BR
climb 7.4%, after the Belgian visual technology company shared
its short and mid term financial targets
** Despite a profit drop in H1, with H1 sales down 17% YoY,
the group expects a "strong recovery in H2"
** Barco sees year on year topline growth in H2 and from
2025 onwards
** Degroof Petercam analyst Kris Kippers notes that the
numerous product launches in H2 "mean the worse is behind in
terms of top line performance," adding that H1 profit warning
was already flagged by the company
** Shares on track for a best day since Feb 08, 2024
(Reporting by Alban Kacher)
((alban.kacher@thomsonreuters.com))