Update on 1H14 results Barco’s results for 1H14 will remain below market expectations.
With approximately € 512m in orders and approximately € 500m in sales, Barco’s results will be respectively 8% and 17% below last year. The main drivers for Barco’s negative growth were recorded in the Industrial & Government division and Barco’s LiveDots Venture.
Barco’s EBITDA contributions for 1H14 will be approximately € 55m or 11% on sales, with negative currency effects weighing on Barco’s profitability.
Barco’s order book at the end of 1H14 remains very healthy at € 480m, which is 9% higher than at the end of 1H13.
Given Barco’s robust order book, the results for 2H14 are expected to be ahead of 2H13, however consolidated revenues and EBITDA contributions for the entire year are expected to be slightly lower than in 2013.
Barco is implementing measures to curb spending and stimulate sales for the Industrial & Government and LiveDots activities.
Update on business portfolio Furthermore the company is evaluating several expressions of interest for its Defense & Aerospace and some venture businesses, originating from large industrial enterprises that are more focused on such activities.
Barco is evaluating the different proposals and will decide whether or not to pursue such offers before the end of August.
Financial Calendar Full 1H14results will be released on 23 July 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 Asia Pacific. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with 4,000 employees worldwide. Barco posted sales of 1.158 billion euros in 2013.
For more information and the annual report 2013, please visit the Company’s website at www.barco.com