Barco Q3 Sales Jump 50%, Driven by Digital Cinema, Medical

Posted by Joe Zaller
Oct 27 2010

Barco announced that it sales in the 3rd quarter were €222.7m, an increase of more than 50% versus the same period in 2009. The company also said that it orders during the quarter jumped more than 50% compared to Q3 2009.

Sales from the Media, Entertainment and Simulation (MES) business unit accounted for 56% of revenue during the quarter.  Sales from the Monitoring, Control and Medical (MCM) business unit accounted for 44% of revenue during the quarter.

When compared to the same quarter in 2009, the company’s MES revenue grew by 64.6% to €124.4m, driven by strong demand for digital cinema projection solutions, while MCM revenue increased by 33.9%.

For the first nine months of 2010 Barco’s revenue was €591m, an increase of 29.2% versus 2009. 

Barco said that it closed its third quarter with an order book of €497.1m, an increase of 45.2% compared to the same quarter of the year before. The company’s orders for the year to date are €747.3m, an increase of 65% versus the first nine months of 2009.

The company also said that its EBIT margin in 3Q10 “progressed compared to the 3.0% margin of 1H10,” but did not disclose any specific figures. 

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You can read the full Barco Q3 trading update here.

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