Barco order book still at record level

Barco saw its turnover increase by 20 percent in the first three months of the year to 206 million euros. Orders rose by 8 percent to EUR 246 million. The display specialist was able to benefit from a return to the offices, among other things.

Still, the shortage of various components continues to plague the technology company, resulting in delays in delivery. “We are aware that supply chain disruptions can still hinder the pace of order-to-sales conversion and the recovery of our margins, but we believe that the hard work and commitment we put into experienced in our organization to limit this impact, will gradually yield tangible results,” said CEOs An Steegen and Charles Beauduin.

Barco confirms its outlook for the first half of the year, assuming that supply chain disruptions do not worsen further. The company expects a turnover increase of approximately 20 percent compared to the first half of 2021.