What They Say
Barco posted its Q3 results and said that orders although up 8.7% from Q2, were down nearly 43% on last year to €157.6 million. Invoiced sales were also down 37% from last year and sales for the year to date are down 24.7%.
The firm said “In Entertainment, both the Cinema and the V&H segments contributed to a modest 3% growth in divisional sales versus Q2 on new build activity for cinema in EMEA and with services rebounding as cinemas reopen.”
What We Think
Oh, dear, it’s hard to imagine that any rebound in cinema will be maintained for long. Barco does, at least, have a medical division, but given the drop in routine care during the crisis, that segment is also likely to have challenges. (BR)
