Brief: Barco Q3 Sales Fall -12% To EUR 229.6 Mln

Barco NV

18/10/2023 06:26

Oct 18 (Reuters) - Barco NV  BAR.BR :
    * ORDERS FOR 3Q23 OF 239.9 MILLION EURO, -1% VERSUS 3Q22
    * SALES FOR 3Q23 OF 229.6 MILLION EURO, -12% VERSUS 3Q22
(-9% AT
CONSTANT CURRENCIES)
    * YEAR-TO-DATE SALES 750.5 MILLION EURO, +2% YOY (+3% AT
CONSTANT
CURRENCIES)
    * ORDER BOOK PER 30 SEPTEMBER 2023 STOOD AT 523.4 MILLION
EURO, 5%
HIGHER THAN AT START OF YEAR AND 3% HIGHER THAN END OF JUNE 2023
    * YEAR-TO-DATE ORDERS OF 781.0 MILLION EURO, UP 4% VERSUS
LAST
YEAR
    * MANAGEMENT EXPECTS SALES FOR FY23 TO BE IN LINE WITH LAST
YEAR.
AT THIS TOPLINE LEVEL
    * AT THIS TOPLINE LEVEL, MANAGEMENT EXPECTS AN EBITDA MARGIN
AROUND 14% FOR THE FULL YEAR 2023
    * OUTLOOK 2024: MANAGEMENT RECONFIRMS ITS LONG-TERM GUIDANCE
TO
RETURN TO HIGH SINGLE DIGIT SALES GROWTH
    * OUTLOOK: MANAGEMENT RECONFIRMS ITS GUIDANCE FOR AN EBITDA
MARGIN
BETWEEN 14% AND 18% FOR 2024 AND SUBSEQUENT YEARS

Source text: https://tinyurl.com/mr68vjek 
Further company coverage:  BAR.BR 

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