Barco Intends to “Redeploy” Up to 239 Positions (AKA, People)
rAVe has obtained a copy of an internal memo from Barco CEO Jan De Witte that both explains both how Barco is planning to “refocus on the customer” while potentially eliminating as many as 239 jobs. Although this may seem like a large number, Barco has about 3,600 employees worldwide, so this is only about […]
Barco Restructures, We Dissect the Announcement
Barco announced today a restructuring plan to align the organization with changing market demands and growth opportunities while enhancing the company’s long-term profitability. This comprehensive plan addresses specific aspects of Barco’s organizational structure and effectiveness particularly in the areas of product management and commercial and service delivery processes. The plan also includes the re-investment of […]
Wondering How Big the Display Market Is? Well, Here’s One Indicator: Barco Releases Financials
Barco announced results for the six and twelve month periods ended 31 December 2016.Fiscal year 2016 financial highlights: Incoming orders at 1.09 Billion Euro (+ 3.6%) Sales at 1102.3 million Euro (+ 7.0%) Gross profit margin at 34.4% (+ 1.6 ppts) EBITDA of 88.0 million Euro (+ 13.9 million euro) or 8.0% of sales (+ 0.8 ppts) EBIT1 of 36.6 […]
Barco Names Jan De Witte as Next CEO
Barco announced today that current CEO Eric Van Zele plans to retire later this year. In anticipation of Van Zele’s retirement, the board has appointed Jan De Witte, a former corporate officer of the General Electric Company, as CEO-designate. Jan De Witte will join Barco’s Core Leadership Team in June 2016 to effectively take over […]
