TRADING UPDATE 1Q21 Regulated information - Inside information Strong orderbook offers encouraging signs of recovery
Kortrijk, Belgium, 21 April 2021, 7:30 am Today Barco (Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) announced results for the first quarter ended 31 March 2021.
Financial highlights 1Q211
Orders of 228.9 million, an increase by 21% versus 4Q20 and 10% vs 1Q20
Orderbook at 351.5 million, up 25% (or 70 million) vs 4Q20 and up 3% (or 10 million) vs 1Q20
Sales of 171.7 million, a decline of 12% versus 4Q20 and 27% vs 1Q20
Executive summary 1Q21
Group topline
Compared to 4Q20, orders grew 21% to 228.9 million euro, driven by strong order intake in Healthcare and Entertainment, indicating recovering economic activity, and continuing a trend of quarter-to-quarter improvement from the 2Q20 low.
Orderbook grew solidly with 70 million euro to 351.5 million euro compared to year-end 2020. Sales were down 12% versus 4Q20 reflecting the continued impact from covid-lockdowns on orders to sales conversions in most of the regions.
Compared to the same period last year, before lockdowns took effect in all regions, orders were down 10% and sales declined 27%. Orderbook however grew 10 million euro versus 1Q last year.
Entertainment
(in millions of euro)
1Q21
4Q20
Change 1Q21 vs 4Q20
3Q20
2Q20
1Q20
Change 1Q21 vs 1Q20
Sales
55.7
77.3
-28%
58.0
56.5
99.7
-44%
While the Entertainment division saw a meaningful uptake in orders in the first quarter, sales for the division were down versus 4Q20.
New build cinema opportunities globally continued to expand resulting in solid order intake growth versus 4Q20.
In China pent-up demand for cinema entertainment drove box-office revenues over the past six months and translated into project orders and sales pick-up in the first quarter. Assuming box office revenues in Western countries start to recover this summer, we expect to see evidence of growth toward the end of the year.
The recently signed long-term frame agreement2 with IMAX offers a strong proof of confidence in industry fundamentals and in the shift to laser projection.
Venues and Hospitalities posted good order intake versus 4Q20 with sizeable uptakes across different regions mainly driven by demand for immersive digital art experiences by museums and fixed AV installations. Sales however were below 4Q20 as a result of seasonality effects.
Enterprise
(in millions of euro)
1Q21
4Q20
Change 1Q21 vs 4Q20
3Q20
2Q20
1Q20
Change 1Q21 vs 1Q20
Sales
52.5
53.9
-2%
50.0
45.6
67.2
-22%
Enterprise delivered 1Q21 topline results in line with 4Q20.
ClickShare started the year with increases in both orders and sales compared to 4Q20 driven by uptakes in the EMEA region despite lockdowns during the quarter. As lock-down measures ease and offices plan to reopen in hybrid mode, ClickShare demand is expected to continue to improve, while varying by country and region.
ClickShare Conference now constitutes 40% of the ClickShare sales, and Barco continues to sign-up new channel and alliance partners and key corporate customers, testifying to its product-market fit.
Control rooms started the year with better sales compared to the three first quarters of 2020 and an orderbook at pre-covid levels. Sales for 1Q21 were softer than 4Q20 reflecting some seasonality effects and covid-induced deployment shifts.
Healthcare
(in millions of euro)
1Q21
4Q20
Change 1Q21 vs 4Q20
3Q20
2Q20
1Q20
Change 1Q21 vs 1Q20
Sales
63.5
64.3
-1%
59.3
69.4
68.8
-8%
The Q1 dynamics reflect resilience in end market demand, a gradual resumption of healthcare investments, and intensified demand for digital operating room solutions.
Order intake was strong compared to 4Q20 across all regions, including major contracts with reference customers in both the Surgical and the Diagnostics segments.
Sales were in line with 4Q20, with deployments in Europe and the Americas region still somewhat impacted by the prolonged effects of the pandemic.
Quote of the CEO, Jan De Witte
I'm pleased with the strong first quarter order intake and the solid orderbook as they reflect ongoing recovery, longer term growth potential in our end markets as well as our competitive strength. While over the next few quarters, our order to sales conversion will not be immune to lock-down effects and supply chain disruptions, we are set to manage through these hurdles, and to advance on our strategic objectives.
As a result, we expect to see steady improvements as recoveries in our markets further materialize, said Jan De Witte, CEO.
Outlook
The following statements are forward looking, and actual results may differ materially.
While full year visibility remains limited, based on 1Q21 results, and assuming further unlocking of economies, management is confirming its 1H outlook, with topline expected to move toward the first half of 2020 and EBITDA margin expected to be in the mid-plus single digit range.
Order intake & order book
Order intake year-over-year
(in millions of euro)
1Q21
1Q20
Change 1Q21 vs 1Q20
Order Intake
228.9
253.7
-10%
Excluding currency effect
-6%
Order intake quarter-over-quarter
(in millions of euro)
1Q21
4Q20
3Q20
2Q20
Change 1Q21 vs 4Q20
Order Intake
228.9
189.7
157.6
145.0
+21%
Order book
(in millions of euro)
31 Mar 2021
31 Dec
2020
30 Sep
2020
30 Jun
2020
31 Mar
2020
31 Dec
2019
Order book
351.5
281.5
299.1
317.2
341.8
322.3
Sales
Sales year-over-year
(in millions of euro)
1Q21
1Q20
Change 1Q21vs
1Q20
Sales
171.7
235.7
-27%
Excluding currency effect
-24%
Sales by division year-over-year
(in millions of euro)
1Q21
1Q20
Change 1Q21 vs 1Q20
Entertainment
55.7
99.7
-44%
Enterprise
52.5
67.2
-22%
Healthcare
63.5
68.8
-8%
Group
171.7
235.7
-27%
Sales by division qu
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
31/05/2026
Olivia P rez-Collellmir to Premiere Original Work at Gaud Centennial in Barcelona The Berklee graduate and faculty member will debut her choral symphony with...
30/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
30/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
30/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
30/05/2026
Zero in on one that says yes (and no)
Andy Marken May 29, 2026
0 Comments
Hero image courtesy of Deposit Photos
For content creators the most difficu...
29/05/2026
With InfoComm 2026 just weeks away, NDI is giving attendees plenty of reasons to...
29/05/2026
Reaffirming a partnership that has defined Canadian sports broadcasting since 19...
29/05/2026
Mobile/tablet is No. 2 device for watching TV, suggesting that the sports-production industry needs to take another look at the format
Ring Digital's Sprin...
29/05/2026
Berliner Ensemble, one of Berlin's five major theater companies, has expande...
29/05/2026
Solid State Logic will showcase its new compact, fly-away TCA Tour audio product...
29/05/2026
Gerald (Jerry) Pierce, a pioneering technologist who helped shape the digital transformation of the motion picture industry, passed away last month on April 12 ...
29/05/2026
Paramount+ will be the English-language U.S. home for Barclays Women's Super...
29/05/2026
Further strengthening its virtualisation strategy to fully support broadcasters ...
29/05/2026
Swiss broadcaster Canal Alpha has deployed Harmonic's award-winning, software-based XOS Advanced Media Processor to modernize playout operations across cant...
29/05/2026
PTZOptics will showcase a new generation of intelligent video workflows at InfoComm 2026, June 17-19, Las Vegas. Visitors to booth N8227 will see how PTZOptics ...
29/05/2026
Arizona's Family has launched the Arizona's Family Sports (AZFS) streaming app, a new direct-to-consumer destination for live, local sports. The app is ...
29/05/2026
Starting in 2027, DAZN will be the exclusive home of The Canadian Football Leagu...
29/05/2026
Comcast Business has detailed the advanced network infrastructure it has deploye...
29/05/2026
In two-day event, leaders from academia and industry explored solutions to chall...
29/05/2026
The Basketball Tournament (TBT), now entering their 13th year of competition, ha...
29/05/2026
Roku has launched FOX One as a Premium Subscription on The Roku Channel in the U.S. Roku customers can now subscribe to FOX One using their Roku account for liv...
29/05/2026
In its sixth year, the broadcaster's coverage has become a global brand and ...
29/05/2026
Ratings Roundup is a rundown of recent ratings news and is derived from press re...
29/05/2026
The days are getting longer, the temperatures are rising, and playlists are filling up for the season. With summer around the corner, Spotify's global edito...
29/05/2026
New retro-inspired MPC announced
There are few devices that have gained the status held by Akai Pro's MPC range, and in recent years, the company have s...
29/05/2026
Save up to 30 on acclaimed titles
Following a successful launch at Superbooth 2026, Bjooks have revealed that they will be continuing the Kickstarter campa...
29/05/2026
Binaural monitoring application improved
Genelec have just released an update that brings some powerful new features to their HRTF-based binaural headphone ...
29/05/2026
6 June 2026 at SAE Institute, London, UK
IMSTA FESTA 2026 is almost upon us, with some of the biggest names in pro-audio set to descend upon SAE Institute i...
29/05/2026
Gerald (Jerry) Pierce, a pioneering technologist who helped shape the digital transformation of the motion picture industry, died April 12, 2026, at his home in...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Comparing 5 AI Video Enhancers for Restoring Old Video Quality
Kate Luvis May 29, 2026
0 Comments
Digitizing VHS, MiniDV, and other legacy formats doe...
29/05/2026
Studio Hamburg Builds New Post Pipeline with DaVinci Resolve Studio
Brie Clayton May 29, 2026
0 Comments
Workflow replaces a patchwork of legacy tools...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
At the Intersection of Music and Dance, an Epic Collaboration Boston Conservatory musicians and dancers found creative parallels in their recent performance o...
29/05/2026
Back to All News
Latino Film Institute Fellows Screen Their Short Films at the Egyptian Theatre
The Inclusion Fellowship and Spark Animation Grant uplifts 15 ...
29/05/2026
GLOOKAST LAUNCHES CINNAFILM TACHYON PLUGIN FOR MEDIA PRODUCER AND MEDIA SERVICES
This release first appeared here.
Visit our Tachyon product page or contact...
29/05/2026
May 29 2026, 09:00 (PDT) Dolby and rednote Bring More Immersive Storytelling to...
29/05/2026
Something fundamental has shifted in how people consume media. Audiences aren't abandoning television or radio content; they're just expanding how, wher...
29/05/2026
Youtube exclusive special drops today
Watch now
UKTV today announces another e...
TRADING UPDATE 1Q21 Regulated information - Inside information Strong orderbook offers encouraging signs of recovery 
