Barco Result 19/07/17

By Jasmine Kang Sodha
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Barco announced its FY17 H1 result with sales at €518 million ($601 million) and net income of €19 million ($22 million), with a net margin of 3.7%. The EBITDA was €48.2 million ($55.9 million) resulting in an EBITDA margin of 9.3%. The half-year sales declined by a marginal 2.1% while the net income increased by €1.1 million ($1.2 million) compared to a year ago.

The incoming orders amounted to €561.9 million ($651.8 million), which was 5.4% higher on a yearly basis. According to the management, the higher level of order intake reflects an uptake in demand for it’s new projection products for the Entertainment market and continued growth for ClickShare and it’s healthcare solutions. With a solid order book and the completion of selected portfolio optimizations, the company expects a significant improvement in its sales and net income in FY17 H2.