Barco shares at 14-year low after Q3 miss, guidance update
BUZZ-Barco shares at 14-year low after Q3 miss, guidance update ** Shares in Barco BAR.BR drop around 14% to their lowest since July 2012 after the visualisation technology group reported Q3 order intake and sales below estimates, and narrowed its 2026 outlook
** KBC Securities says Q3 sales were supported by the inclusion recently acquired VerVent, but underlying performance remained weak, with comparable audio sales declining y/y
** It cuts its PT on the stock by 12% to €8.5
** Barco now expects FY 2026 sales to come in slightly below last year and an EBITDA margin of around 11%, compared with previous guidance of 11%-12%
** Degroof Petercam says the new outlook implies a high single-digit organic sales decline despite the contribution from VerVent and suggests a roughly 10% cut to FY 2026 EBITDA expectations
** Degroof also cuts its PT by 17% to €7.5, citing weaker earnings prospects, subdued end-markets and a slower-than-expected recovery
(Reporting by Ronan Corcoran)
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