TRADING UPDATE 1Q11

Regulated information
Kortrijk, Belgium, 22 April 2011.

Barco closed its first quarter with an order book of 470.5 million euro, an increase of 23.0% compared to the same quarter of the year before.

Incoming orders for the first quarter were 294.1 million euro. In 1Q10 incoming orders were 216.2 million euro. This represents growth year-on-year of 36.0%. All four core divisions contributed significantly to this increase. Some 30 million euro orders that were planned for the second quarter already materialized in the first quarter.


Order book

  1Q11 1Q10 change
Barco 470.5 382.6 23.0%



Incoming orders


  1Q11 1Q10 change
Barco 294.1 216.2 36.0%



Total sales for the quarter were 239.2 million euro. This represents growth of 35.9% compared to 1Q10.

Sales per division

  1Q11 1Q10 change
Entertainment 102.7 47.3 117.2%
Healthcare 47.7 43.9 8.5%
Control Rooms & Simulation 42.3 35.6 19.0%
Defense & Aerospace 26.1 29.4 (11.3%)
Ventures 20.6 21.2 (2.7%)
Intra-group eliminations (0.2) (1.4)  
       
Barco 239.2 176.1 35.9%



Barco experienced some logistics and supply change issues which pushed some shipments into the second quarter.


EBIT margin

Barco's profitability in the first quarter continued to improve compared to the same quarter of 2010 and compared to full last year. 

Financial calendar

1H11 results will be communicated on 20 July 2011.

The information given in this press release has not been reviewed by the statutory auditor.

About Barco
Barco, a global technology company, designs and develops visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with about 3,500 employees worldwide. Barco posted sales of 897 million euro in 2010.

© Copyright 2011 by Barco

 

For more information, please contact

JP Tanghe JP Tanghe
Senior Advisor to the CEO - Compliance Officer
Barco NV

Telephone +32 56/26 23 22
jp.tanghe@barco.com

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