Brief: Barco FY EBITDA Up At EUR 58.5 Mln

Barco NV

10/02/2022 07:13

Feb 10 (Reuters) - Barco NV  BAR.BR :
    * SALES FY21 € 804 MILLION, EBITDA MARGIN 7.3%
    * DEMAND STRONG WITH ORDERBOOK UP 73% OVER 2020
    * FOR FIRST HALF OF 2022, AND ASSUMING NO FURTHER
DETERIORATION OF
SUPPLY CHAIN CONSTRAINTS, MANAGEMENT EXPECTS SALES TO INCREASE
APPROXIMATELY 20% COMPARED TO 1H21
    * FY21 EBITDA € 58.5 MILLION EURO OR 7.3% OF SALES VERSUS €
53.6
MILLION IN 2020
    * EBITDA MARGIN IS EXPECTED TO BE HIGHER THAN FULL YEAR 2021
EBITDA MARGIN, REFLECTING GRADUALLY IMPROVING GROSS PROFIT
MARGIN AND OPERATING LEVERAGE ON HIGHER SALES
    * FY21 FREE CASH FLOW 78 MILLION EURO VERSUS A NEGATIVE 36
MILLION
EURO FOR FY20
    * COMPANY IS NOT PROVIDING A FULL YEAR OUTLOOK FOR 2022 AS
VISIBILITY FOR YEAR IS CURRENTLY LIMITED AND BUSINESS CONDITIONS
MAY CHANGE SUBSTANTIALLY OVER YEAR
    * ORDERS 4Q21 +52% VERSUS 4Q20 ; -2% VERSUS 4Q19
    * SALES 4Q21 +29% VERSUS 4Q20 ; -21% VERSUS 4Q19
    * AS A RESULT, WE ARE IN A GOOD POSITION TO RESUME EXECUTING
TOWARD OUR LONG-TERM FINANCIAL OBJECTIVES - CEO
    * PROPOSAL TO INCREASE THE GROSS DIVIDEND TO 0.4 EURO PER
SHARE
FROM 0.378 EURO
    * FY CAPITAL EXPENDITURE WAS 18.8 MILLION EURO COMPARED TO
15.0
MILLION EURO IN 2020
    * CEO, CHARLES BEAUDUIN AND CHAIRMAN OF THE BOARD, FRANK
DONCK,
HAVE CONFIRMED THE INTENT OF  RESPECTIVELY TITAN BARATTO NV AND
3D NV, TO OPT FOR THE STOCK DIVIDEND

Source text for Eikon: [ID: nNDL89XmKK]
Further company coverage:  BAR.BR 

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