Brief: Barco Q1 Sales Up At 206.3 Million Euros

Barco NV

21/04/2022 06:23

April 21 (Reuters) - Barco NV  BAR.BR :
    * TRADING UPDATE 1Q22
    * ORDERS FOR 1Q22 OF 246.9 MILLION EURO UP 8% VERSUS 1Q21
    * ORDER BOOK PER 31 MARCH 2022 STOOD AT 530.4 MILLION EURO,
179
MILLION EURO OR 51% ABOVE LAST YEAR AND 44 MILLION EURO OR 9%
ABOVE END OF DECEMBER 2021
    * SALES FOR 1Q22 OF 206.3 MILLION EURO, UP 20% VERSUS 1Q21
    * MANAGEMENT IS CONFIRMING ITS 1H OUTLOOK
    * H1 SALES EXPECTED TO INCREASE APPROXIMATELY 20% COMPARED
TO 1H21
    * PER 20 APRIL 2022, BARCO AGREED TO BUY THE STAKES HELD BY
APPOTRONICS AND CITICPE IN CINIONIC, INCREASING BARCO’S
OWNERSHIP INTEREST TO 80% OF THE JOINT VENTURE
    * APPOTRONICS WILL REMAIN A STRATEGIC PARTNER FOR CINIONIC
WITH
THE DISTRIBUTION AGREEMENT IN PLACE

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

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