Barco Reports Sales Decline, but Uptick in Orders
Barco announced today that incoming orders booked in 4Q 2008 were at 203.9 million euro, up 11.1 percent compared to 4Q 2007. Sales declined to 207.9 million euro, down 6.6 percent compared to the same period of 2007. EBIT for the quarter was minus 24.2 million euro after restructuring and impairment provisions. Before the same provisions EBIT was minus 2.0 million euro.
Sales of continuing operations for the entire fiscal year 2008 were 725.3 million euro, down 1.5 percent to FY07, whereas incoming orders declined with 2.7 percent to 762.6 million euro in FY08. EBIT for FY08 was 8.9 million euro before restructuring and impairment charges, down almost 50 million euro from FY07. Restructuring and impairment charges booked amounted to 26.7 million euro.
Working capital was reduced with 35.8 million euro and net debt with 20 million euro to 32.8 million.
To read the entire press release, visit here.
More Stories Like This
Barco Promotes Jan van Houtte to Executive Vice President of Barco’s Meeting Experience Business Unit
Barco announced that Jan van Houtte has been promoted to Executive Vice President of Barco’s Meeting Experience Business Unit. In this pivotal role, Jan will strengthen ClickShare’s strategy, driving further innovation and sales expansion. Jan van Houtte has a strong track record of building world-class organizations and leading strategic initiatives. He most recently served as Barco’s Vice President […]
rAVe [TV] — Episode 154: Gary Tours Barco
In today’s episode of rAVe [TV], Gary Kayye tours Barco’s headquarters and goes over the latest news solo (Steph is on a plane, attending SAVe’s conference). Watch this to see some special behind-the-scenes footage and learn more about Logitech’s MX Brio, Pioneer’s new immersive sound AV receivers and more.
Barco ClickShare Now Provides Usage Insights Directly to Microsoft’s Teams Rooms Pro Management Portal
Barco entered into a strategic partnership with Microsoft around Teams devices that will enable ClickShare devices to provide data that will be available through Microsoft’s Teams Rooms Pro Management Portal. As you likely know, the Barco ClickShare solution enables users to host calls from their own laptop with their preferred videoconferencing platform, using the audio […]