Barco tops Belgium's blue chips after higher Q4 res

Barco NV

10/02/2022 09:10

** Shares in Barco  BAR.BR  jump 10% to the top of Belgium's
blue-chip index Bel20  .BFX  after the visual technology company
reported higher Q4 results
    ** The group reported Q4 sales up 29% y/y at EUR 251.6 mln
and orders up 52% y/y to reach an all-time high of EUR 487 mln
    ** Barco's free cash flow for the year also swung to
positive EUR 78 mln from negative EUR 36 mln a year before
    ** It expects sales to increase around 20% in H2 compared to
H1 and an EBITDA margin for the first half of 2022 higher than
in FY 2021
    ** ING ("hold") said the update is "a bit of a relief after
the warning in December 2021", citing strong order intake and
better-than-expected H1 2022 outlook
    ** Shares are on track for their best day since November 9,
2020 when they closed 24.4% higher

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))