Barco NV
XBRU:BAR
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.
Revenue Growth: Barco delivered sales of EUR 964 million, up 2% year-over-year and 4% at constant currency, with strongest growth in Entertainment and EMEA.
Profitability: EBITDA reached EUR 125 million (13% margin), supported by strong product mix and cost discipline despite EUR 8 million FX and EUR 7 million tariff headwinds.
EPS & Shareholder Returns: EPS rose 20% to EUR 0.85. EUR 120 million was returned to shareholders via dividends and share buybacks, and a 6% share cancellation is proposed.
Recurring Revenue Shift: Successful launch of HDR by Barco Cinema is shifting the business from one-off sales to recurring revenue streams.
Guidance & Outlook: Barco expects both sales and EBITDA growth in 2026 (constant currency), with growth skewed to the second half. Long-term guidance of EUR 1.1 billion revenue and 15% EBITDA margin by 2028 is reaffirmed.
Healthcare Challenges: Healthcare segment faced U.S. headwinds from tariffs, FX, and delayed government spending, but margin impacts from tariffs are seen as nonrecurring and recovery is expected in 2026.
Cost Controls: OpEx was reduced by 4% versus last year through tight cost management.
Sustainability & Engagement: Eco-labeled revenues increased to 67%, and employee engagement and Net Promoter Scores exceeded targets.
