Double digit growth and healthy cash generation

Regulated information
Kortrijk, Belgium, 11 February 2016 – Today Barco (Nyse/Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) announced results for the six and twelve month periods ended 31 December 2015.
Fiscal year 2015 financial highlights 
- Incoming orders at 1043.7 million euro (+ 20.1%)

- Sales at 1028.9 million euro (+ 13.3%)

- Gross profit margin at 35.0% (+ 1.5 ppts)

- Adjusted EBITDA [1] of 74.1 million euro (+ 14.4 million euro) or 7.2% of sales (+ 0.6 ppts)

- EBIT of 1.7 million euro or 0.2% of sales [2]

- Net income of 17.4 million euro 

- Free cash flow of 110.3 million euro (versus 14.9 million euro for 2014)

- Net financial cash position of 265.0 million euro

- Proposal to increase the dividend to 1.75 euro per share from 1.60 euro

Quote of the CEO, Eric Van Zele
“We are proud to present good results for the year 2015,” said Eric Van Zele, President and CEO.  “Through strong execution in all businesses, Barco delivered double digit profitable growth for 2015 and generated significantly higher free cash.”

“Each of the divisions produced sales growth, delivered improved EBITDA margins and launched new growth initiatives. The Entertainment division sustained its leadership position in Cinema and the Healthcare division continued to gain traction with its digital operating room solutions. The Enterprise division continued to gain share in the Corporate market with ClickShare, while Control Rooms stabilized sales.”

Outlook 2016
The following statements are forward looking and actual results may differ materially.

Considering current uncertain macro-economic conditions and assuming currencies at current levels, management expects sales to grow in the mid-single digit range. 

Including continued investments in planned growth initiatives in our core business, we expect organic EBITDA for the year 2016 to remain level with 2015. 

For more details, check out the full press release.

About Barco

Barco, a global technology company, designs and develops networked visualization products for the Entertainment, Enterprise and Healthcare markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and APAC. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with 3.300 employees worldwide. Barco posted sales of 1.029 billion euro in 2015.

For more information and the Annual report 2015, please visit the Company’s website at

© Copyright 2016 by Barco

[1] Adjusted EBITDA is defined as EBITDA excluding amortization of capitalized development costs and restructuring charges. See remarks on reporting methodology.

[2] This is EBIT value under the new capitalization methodology. Had Barco not changed its accounting treatment of product development costs, the EBIT margin for 2015 would have been approximately 5.0% compared to 3.6% for 2014 (Calculated as EBIT, excluding amortizations less capitalized product development expenses for prior periods).  (See preliminary remarks on the new methodology for accounting for product development costs.

For more information, please contact

Carl Vanden Bussche
Vice President Investor Relations
Barco nv

Telephone +32 56 26 23 22