Barco tracks best day in 1 yr after Q4 and guidance beat
08/02/2024 09:54
** Shares in Barco BAR.BR jump around 8% after the Belgian
visual technology company posted better-than-expected Q4
revenue, orders and margin guidance for 2024
** The company beat expectations on Q4 revenue by 5% and
order intake by 10%, says ING
** For 2024, Barco said it anticipates sales to be in line
with 2023, and EBITDA margin to improve at above 14%
** "Overall, we find the better 4Q23 revenue a relief after
a weak 3Q while the FY24 guidance is OK" -ING
** Degroof Petercam says 2024 sales and margin outlooks are
ahead of consensus, "which is clearly a relief"
** Order book for the Entertainment division came in at
€501.8 millions, +10% y/y, "boding well for the future," the
broker adds
** If gains hold, the stock will see its best day in a year
(Reporting by Stéphanie Hamel)
((stephanie.hamel@thomsonreuters.com))