Barco NV
OTC:BCNAF
Barco NV
Barco NV is engaged in the designing and development of visualization solutions. The company is headquartered in Courtrai (Kortrijk), West-Vlaanderen and currently employs 3,141 full-time employees. The firm offers its products in such operating segments as Entertainment (primarily active in the field of Digital Cinema), Enterprise (including the Control Rooms and the Corporate activity) and Healthcare (dedicated to the high-resolution visualization segments of radiology and mammography and Internet protocol IP-connectivity solutions for the surgical room). The firm's products range includes display monitors, projectors, video walls, image processing and connectivity and interactivity software. The firm is active in Europe and the Middle East, North and South America, Africa and Asia.
Barco NV is engaged in the designing and development of visualization solutions. The company is headquartered in Courtrai (Kortrijk), West-Vlaanderen and currently employs 3,141 full-time employees. The firm offers its products in such operating segments as Entertainment (primarily active in the field of Digital Cinema), Enterprise (including the Control Rooms and the Corporate activity) and Healthcare (dedicated to the high-resolution visualization segments of radiology and mammography and Internet protocol IP-connectivity solutions for the surgical room). The firm's products range includes display monitors, projectors, video walls, image processing and connectivity and interactivity software. The firm is active in Europe and the Middle East, North and South America, Africa and Asia.
Tough Year, Strong Finish: Barco faced a challenging start in 2024 but saw improvements in the second half, ending the year nearly flat versus 2023.
Cash Generation: Free cash flow was strong at EUR 110 million, driven by improved working capital and inventory reductions.
Mixed Regional Performance: The Americas showed 6% growth, while EMEA and APAC saw declines of 27% and 8% respectively.
Margin Developments: EBITDA margin reached 12.8% for the year (16.7% in H2), supported by OpEx control and a one-off gain from a US property sale.
Division Trends: Healthcare proved most resilient; Enterprise and Entertainment faced declines, with ClickShare notably weak.
2025 Outlook: Management expects top-line growth and higher EBITDA margins, supported by normalized inventories and new product launches.
Capital Returns: Announced a EUR 60 million share buyback and increased the dividend to EUR 0.51 per share.
Software Focus: About 25% of sales now come from software; management expects this share to rise as more AI and software-based features are introduced.
