Brief: Barco Q1 Sales Down 27% YoY At 171.7 Million Euros

Barco NV

21/04/2021 07:24

April 21 (Reuters) - Barco NV  BAR.BR :
    * Q1 ORDERS OF EUR 228.9 MILLION, AN INCREASE BY 21% VERSUS
4Q20
AND 10% VERSUS 1Q20
    * Q1 ORDERBOOK AT € 351.5 MILLION, UP 25% (OR € 70 MILLION)
VERSUS
4Q20 AND UP 3% (OR € 10 MILLION) VERSUS 1Q20
    * Q1 SALES OF € 171.7 MILLION, A DECLINE OF 12% VERSUS 4Q20
AND
27% VERSUS 1Q20
    * MANAGEMENT IS CONFIRMING ITS 1H OUTLOOK, WITH TOPLINE
EXPECTED
TO MOVE TOWARD THE FIRST HALF OF 2020 AND EBITDA MARGIN EXPECTED
TO BE IN THE MID-PLUS SINGLE DIGIT RANGE
    * WE EXPECT TO SEE STEADY IMPROVEMENTS AS RECOVERIES IN OUR
MARKETS FURTHER MATERIALIZE,' - CEO

Source text for Eikon:  ID:nNDL6mBFfv 
Further company coverage:  BAR.BR 

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