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.