Kortrijk, Belgium, 21 December 2021, 18:00 pm
Supply chain disruptions, including higher component prices, increased freight broker rates and higher logistics costs further negatively impacted the EBITDA for the current year.
While sales for 2021 are expected to grow mid-single digit year-over-year, in line with earlier guidance, EBITDA for the year is now expected to be in the range of 56 to 60 million euro.
Barco implemented price increases across its portfolio and regions and expects these price increases to benefit gross profit margin as of the first half of 2022.
More detail will be provided with full 2021 results released on 10 February 2022.
The information given in this press release has not been reviewed by the statutory auditor.
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.
Barco designs technology to enable bright outcomes around the world. Seeing beyond the image, we develop visualization and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise (from meeting, classroom and control rooms to corporate spaces), Healthcare (from the radiology department to the operating room), and Entertainment (from movie theaters to live events and attractions). In 2020, we realized sales of 1.083 billion euro. We have a global team of 3,600 employees, whose passion for technology is captured in 400 granted patents.
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