Barco: shares surge 8% after 'healthy' quarter
(CercleFinance.com) - Barco shares are up 8% on Wednesday morning after the Belgian display and visual systems company reported "healthy" first quarter topline figures.
In the first quarter, Barco booked 269 million euros of incoming orders, up 10% year-on-year. At constant currencies orders were 6.1% higher compared to last year.
Sales over the quarter reached 242.8 million euros, up 8.4% compared to the first quarter of 2018, it said. At constant currencies sales were 4.1% higher than last year.
The healthcare division continued to post solid results in all segments, Barco noted.
The company said it now expects to deliver mid to high single digit sales growth for the year, with continued EBITDA and EBITDA margin growth.
The stock rose as high as 156 euros in early trading today. It is currently trading at 155.6 euros, up 8.2%, largely outperforming a 0.5% fall in the benchmark BEL 20 index.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In the first quarter, Barco booked 269 million euros of incoming orders, up 10% year-on-year. At constant currencies orders were 6.1% higher compared to last year.
Sales over the quarter reached 242.8 million euros, up 8.4% compared to the first quarter of 2018, it said. At constant currencies sales were 4.1% higher than last year.
The healthcare division continued to post solid results in all segments, Barco noted.
The company said it now expects to deliver mid to high single digit sales growth for the year, with continued EBITDA and EBITDA margin growth.
The stock rose as high as 156 euros in early trading today. It is currently trading at 155.6 euros, up 8.2%, largely outperforming a 0.5% fall in the benchmark BEL 20 index.
Copyright (c) 2019 CercleFinance.com. All rights reserved.