Brief: Barco Eyes Mid-Plus Single Digit EBITDA In H1 2021

Barco NV

26/01/2021 06:25

Jan 26 (Reuters) - Barco NV  BAR.BR :
    * FY SALES FOR THE YEAR OF € 770 MILLION, EBITDA MARGIN OF
7%;
ENCOURAGING IMPROVEMENTS IN Q4 ACROSS ALL DIVISIONS
    * ORDERS FY20 OF € 746.0 MILLION, -32.3% VERSUS FY19
    * FY20 EBITDA OF € 53.6 MILLION VERSUS € 153 MILLION IN 2019
    * ORDERS 4Q20 VERSUS 3Q20, INCREASED BY +20.3%
    * UNDER THIS ASSUMPTION, AND GIVEN THE RESET OF BARCO’S COST
STRUCTURE, MANAGEMENT EXPECTS A MID-PLUS SINGLE DIGIT EBITDA
MARGIN FOR THE FIRST HALF OF 2021.
    * MANAGEMENT EXPECTS BUSINESS CONDITIONS TO BE DEFINED BY
THE
PANDEMIC FOR AT LEAST THE FIRST HALF OF THE YEAR AND THEREFORE
DOES NOT HAVE VISIBILITY TO OFFER QUANTITATIVE GUIDANCE FOR 2021
AT THIS TIME.
    * FY NET LOSS ATTRIBUTABLE TO THE EQUITY HOLDERS WAS -4.4
MILLION
EURO
    * FY EPS WAS LOSS OF -0.05 EURO VERSUS A PROFIT OF 1.09 EURO
IN
2019
    * Q4 VERSUS Q3: ENTERTAINMENT BOOKED CLEAR UPTAKE IN SALES
IN Q4
FUELED BY PROJECTS PICK-UP FOR THE PROAV AND CINEMA ACTIVITIES,
LED BY CHINA
    * Q4 VERSUS Q3: HEALTHCARE REBOUNDED AFTER ORDER PUSH OUTS
IN Q3
WITH BOTH DIAGNOSTIC AND SURGICAL ACTIVITIES DELIVERING GAINS
    * Q4 VERSUS Q3: ENTERPRISE CONTINUED ITS GRADUAL RECOVERY

Source text: https://bit.ly/3a7EN1h
Further company coverage:  BAR.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))