Trading update 3Q13

Regulated information
Kortrijk, Belgium, 23 October 2013 - Barco expects low single digit growth for 2013

 

Today Barco released selected financial results for the third quarter ended 30 September 2013.

During the third quarter of 2013 Barco booked 288.4 million euro of incoming orders, which is in line with last year’s order intake. Year to date orders were 844.1 million euro versus 834.1 million euro in 2012.

Barco’s order book as of 30 September 2013 stood at 463.4 million euro, up 23.4 million euro compared to 30 June 2013 and 39.9 million euro down versus September 2012.

Barco’s sales were 255.7 million euro, a decrease of 10.3% compared to the third quarter of 2012.  For the first nine months of 2013, sales were 853.6 million euro, up 4.6% compared to the same period last year.

 

Quote of the CEO

“Barco’s third quarter was robust in orders but weak in shipments,” said Eric Van Zele, President and CEO. “This was particularly true in Advanced Visualization and Defense & Aerospace. Declining shipments for Digital Cinema however were fully compensated for by gains in Corporate AV.”

“Given the third quarter’s performance and the strength of the euro, our outlook for the full year is more cautious. Barco now expects to report low single digit growth with an absolute EBITDA contribution similar to that of last year.”

 

Order book

 

3Q13

3Q12

Change

Barco

463.4

503.3

(7.9%)

 

Incoming orders

 

3Q13

3Q12

Change

Barco

288.4

291.2

(1.0%)

 

 

YTD13

YTD12

Change

Barco

844.9

834.1

1.3%

 

Sales per division

 

3Q13

3Q12

Change

Projection

121.7

123.0

(1.1%)

Healthcare

47.5

50.0

(5.2%)

Advanced Visualization

39.5

50.6

(21.9%)

Defense & Aerospace

28.8

38.6

(25.3%)

Ventures

19.2

22.8

(16.1%)

Intra-group eliminations

(0.5)

(0.1)

 

Barco

255.7

285.0

(10.3%)

 

 

YTD13

YTD12

Change

Projection

407.1

341.9

19.1%

Healthcare

146.1

150.2

(2.8%)

Advanced Visualization

128.4

140.2

(8.4%)

Defense & Aerospace

99.9

119.0

(16.1%)

Ventures

74.5

65.0

14.6%

Intra-group eliminations

(1.8)

(0.5)

 

Barco

853.6

816.0

4.6%

 

Financial Calendar

2H13 and FY13 results will be communicated on 7 February 2014.

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 APAC. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with more than 3,900 employees worldwide. Barco posted sales of 1.156 billion euro in 2012.

 

© Copyright 2013 by Barco

For more information, please contact

Carl Vanden Bussche
Vice President Investor Relations
Barco nv

Telephone +32 56 26 23 22
carl.vandenbussche@barco.com

|