Barco is proud to announce it got selected to (re)-enter the BEL20 index – the benchmark stock market index of Euronext Brussels. This is a direct consequence of the improved performance of Barco powered by our 'Focus to perform' initiative, which aims at creating the needed capabilities to drive sustained profitable growth. As a result of this renewed focus, the Barco share value increased significantly over the past few years.
“Although being in the BEL20, or any ‘popularity poll’, is never an objective in itself, it is a nice recognition of the progress we are making,” says Jan De Witte CEO of Barco. “It shows the potential of the company and the weight Barco has as one of the indicators for the Belgian economy. Because this is a direct result of the hard work we did over the years, I want to thank all Barco colleagues around the world for their contribution in this.”
Barco will stay focused to perform with the objective of remaining in the lead in its markets, while creating a good and valuable company for all stakeholders: customers, employees, and investors.
“Next to the obvious recognition that entering into the BEL20 entails, it also opens up new opportunities,” Ann Desender, CFO of Barco, adds. “It will increase the visibility of Barco for tracker fund investors and expand our reach internationally. More than anything, this honor gives us the confidence that we are on the right commercial and operational performance improvement track.”
The composition of the BEL20 is reviewed annually at the end of February, and the official entry into the index is effective on 18 March 2019.