Brief: Barco H1 Sales EUR 434.5 Million, Down 17% YOY

Barco NV

17/07/2024 06:30

July 17 (Reuters) - Barco NV  BAR.BR :
    * ORDERS H1 EUR 463.3 MLN, A DECREASE OF 14% VERSUS 1H23
    * HALF YEAR RESULTS 2024 - SIGNS OF IMPROVEMENT IN Q2
    * SALES H1 OF EUR 434.5 MLN, A DECREASE OF 17% VERSUS 1H23
    * ORDERS 1H24 OF EUR 463.3 MLN, A DECREASE OF 14% VERSUS
1H23
    * GROSS PROFIT 1H24 OF EUR 172.6 MLN, OR 39.7% OF SALES
VERSUS
40.9% IN
    * FCF 1H24 EUR 14.6 MLN, STEP-UP OF EUR 38.7 MLN VERSUS 1H23
FCF
OF -24.1 MLN
    * EBITDA H1 OF EUR 35.2 MLN, OR 8.1% OF SALES VERSUS 12.5%
OF
SALES IN 1H23
    * ON TRACK TO LAUNCH NEW PRODUCTS IN 2H24 AS PLANNED
    * EXPECTS TOPLINE GROWTH IN SECOND HALF VERSUS LAST YEAR
    * FROM 2025, WE EXPECT TOPLINE GROWTH ON A FULL YEAR BASIS
    * FOR THE SECOND HALF, STRONG RECOVERY IS EXPECTED, WITH AN
EBITDA
MARGIN OF 11-13% FOR THE FULL YEAR 2024
    * IN H1 2024, OUR BUSINESS WAS HAMPERED BY CUSTOMER
INVENTORY
DESTOCKING IN MEETING EXPERIENCE AND HEALTHCARE - CO CEO

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Further company coverage:  BAR.BR 

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