DailyDOOH

Andrew Neale

Barco (Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) has announced results for the first quarter ended 31 March 2021.

The financial highlights were: –

• Orders of € 228.9 million, an increase by 21% versus 4Q20 and a decline of 10% vs 1Q20
• Orderbook at € 351.5 million, up 25% (or € 70 million) vs 4Q20 and up 3% (or € 10 million) vs 1Q20
• Sales of € 171.7 million, a decline of 12% versus 4Q20 and 27% vs 1Q20

Compared to 4Q20, orders grew 21% to 228.9 million euro, driven by strong order intake in Healthcare and Entertainment, indicating recovering economic activity, and continuing a trend of quarter-to-quarter improvement from the 2Q20 low.

Orderbook grew solidly with 70 million euro to 351.5 million euro compared to year-end 2020. Sales were down 12% versus 4Q20 reflecting the continued impact from covid-lockdowns on orders to sales conversions in most of the regions.

Compared to the same period last year, before lockdowns took effect in all regions, orders were down 10% and sales declined 27%. Orderbook however grew 10 million euro versus 1Q last year.

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