Trading update 1Q25

Kortrijk, Belgium, 16 April 2025, 7:00 am – Today Barco (Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) announced the results for the 1^st quarter ended 31 March 2025.

First quarter 2025 highlights

•      Orders for 1Q25 at 232.0 million euro, a 5% increase vs 1Q24, reflecting solid demand in all divisions, and a notable rebound in EMEA

•      Order book per 31 March 2025 at 568.6 million euro, growing 1% versus 31 December 2024 and 8% higher than end of March 2024

•      1Q25 sales of 211.6 million euro, 8% higher than in 1Q24, with growth in all divisions, fueled by Healthcare in the Americas and Enterprise and Entertainment in EMEA

•      Signed two major Cinema frame contracts covering more than 5,000 projectors across regions, for delivery in 2025 through 2030.

•      In light of the uncertainty associated with the US trade tariffs policy, we continue to assess the situation, and are taking precautionary measures to mitigate the impact

Executive summary 1Q25

Group topline

Barco's overall order intake grew in each division and rebounded significantly in the EMEA region. Healthcare orders increased 9%, driven by Americas and APAC. Enterprise orders grew by 6%, with ClickShare up significantly, partially offset by slower tender closures in Control Rooms. Entertainment orders were up 3%: Cinema orders in EMEA more than doubled year-over-year, while in the Americas they declined against a high prior year base that included a large Cinema-as-a-service order in 2024. Immersive Experience saw a double-digit increase, reflecting strong demand in EMEA and APAC and a resumption of demand in the rental market.

Sales growth was robust across Barco's divisions, with the highest percentage increases for Healthcare in the Americas and for Enterprise and Entertainment in EMEA. Overall, Healthcare sales grew by 6%, with double-digit growth in Surgical and Modality, fueled by Nexxis software sales. Enterprise sales also increased by 6%, with Meeting Experience sales up more than 50% year-over-year, mainly driven by EMEA. Control Rooms sales were down due to delays in the project execution by integration partners, which primarily impacted hardware sales. Entertainment sales grew 11%, supported by the execution of a strong Cinema order book in the Americas, and the recent launch of new projectors and a rebound in the rental market for Immersive Experience. Impact was felt from the delay of the launch of the Encore 3 Image Processing software to mid-year 2025. The recently launched new projectors performed well, with further portfolio extensions expected in 2025.

Quote of the CEO, An Steegen

“Barco started the year well with solid year-over-year growth in each of our divisions. After a challenging 2024 for EMEA, it was good to see a rebound in both orders and sales in each division of this region.

The US trade tariffs announcements have heightened volatility and uncertainty throughout our global markets. We are fully focused on mitigating the margin impact as far as possible and on protecting our competitive position, by leveraging our agile global manufacturing and logistics footprint and our experience gained during the post-covid supply chain disruptions. While the impact on customer demand and investment decisions remains uncertain, our teams are determined to navigate these new circumstances.

At the same time, our fundamentals remain intact and our strategy to further strengthen our global market position with innovation, new product launches and investments in software development is unchanged.”

Outlook 2025

The following statements are forward looking on a like-for-like basis and actual results may differ materially

The US tariffs are disrupting global markets and supply chains, reducing visibility and increasing uncertainty. Barco is actively taking steps to protect its margins and its market shares. However, the effect on customer demand and investment decisions remains unpredictable.

The first quarter was in line with our expectations. Given that the circumstances are still developing, it is premature to update our guidance at this time.

Disclaimer
This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Barco is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Barco disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Barco.

About Barco
Barco, headquartered in Kortrijk (Belgium), is a global company leading in visualization, networking, and collaboration technology. Its innovative solutions drive advancements in the healthcare, enterprise, and entertainment markets. At the heart of Barco’s success are over 3,000 dedicated ‘visioneers’, each passionately contributing to driving change through technology.

Listed on Euronext (BAR), Reuters (BARBt.BR), and Bloomberg (BAR BB), Barco realized sales of 947 million euro in 2024. For further insights, please visit www.barco.com or connect on LinkedIn, YouTube, Instagram, and Facebook.

Barco. Visioneering a bright tomorrow. © 2025