Barco (BAR) Q1 2025 TU earnings summary

Executive summary

• Orders for 1Q25 reached €232.0M, up 5% year-over-year, with growth in all divisions and a strong rebound in EMEA.

• Sales for 1Q25 were €211.6M, an 8% increase compared to 1Q24, driven by Healthcare in the Americas and Enterprise and Entertainment in EMEA.

• Order book at March 31, 2025, stood at €568.6M, up 1% sequentially and 8% year-over-year.

• Signed two major Cinema frame contracts covering over 5,000 projectors for delivery through 2030.

Financial highlights

• Group sales rose 8% year-over-year to €211.6M; excluding currency effects, sales grew 6%.

• Order intake increased 5% year-over-year to €232.0M.

• Order book grew to €568.6M, 8% higher than a year ago.

• All divisions contributed to sales growth: Healthcare +6%, Enterprise +6%, Entertainment +11%.

Outlook and guidance

• US trade tariffs are increasing market volatility and uncertainty, reducing visibility.

• Barco is taking steps to protect margins and market share but the impact on demand and investment decisions remains unpredictable.

• No update to guidance at this time as circumstances are still developing.