TRADING UPDATE 3Q10
Regulated information
Continued growth in orders, sales and EBIT
Kortrijk, Belgium, 27 October 2010. Barco closed its third quarter with an order book of 497.1 million euro, an increase of 45.2% compared to the same quarter of the year before.
Incoming orders for the third quarter were 232.1 million euro. In 3Q09 incoming orders were 153.0 million euro. This represents growth year-on-year of 51.7%.
Order book
| |
3Q10 |
3Q09 |
change |
| Barco |
497.1 |
342.4 |
45.2% |
Incoming orders
| |
3Q10 |
3Q09 |
change |
| Barco |
232.1 |
153.0 |
51.7% |
| |
YTD10 |
YTD09 |
change |
| Barco |
747.3 |
451.7 |
65.5% |
Total sales for the quarter were 222.7 million euro. This represents growth of 50.5% compared to 3Q09.
Sales per business group (Media, Entertainment and Simulation; Monitoring, Control and Medical)
| |
3Q10 |
3Q09 |
change |
| MES |
124.4 |
75.6 |
64.6% |
| MCM |
98.8 |
73.8 |
33.9% |
| Intra-group eliminations |
(0.5) |
(1.4) |
|
| Barco |
222.7 |
148.0 |
50.5% |
| |
YTD10 |
YTD09 |
change |
| MES |
291.9 |
228.0 |
28.0% |
| MCM |
300.7 |
233.0 |
29.1% |
| Intra-group eliminations |
(1.6) |
(3.5) |
|
| Barco |
591.0 |
457.5 |
29.2% |
Evolution order intake and sales The digital cinema and medical markets remain the strongest growth drivers.
Whereas the gap between sales growth and order intake was still very substantial during 1H10 (respectively 19.0% and 72.5%), this has significantly decreased in 3Q10 as order intake grew by 51.7% and sales by 50.5%, thanks to a ramp-up in supply chain and manufacturing capacity in digital cinema.
Evolution EBIT margin EBIT margin in 3Q10 progressed compared to the 3.0% margin of 1H10.
Financial Calendar
2H10 and FY10 results will be communicated on 9 February 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 3,300 employees worldwide. Barco posted sales of 638 million euro in 2009.
For more information, please contact
JP
Tanghe
Senior Advisor to the CEO
Barco nv
Telephone
+32 56/26 23 22
jp.tanghe@barco.com
