Barco’s sales in the first half of the year were 3.257 billion yuan, a year-on-year increase of 29%

Barco previously released its 2022 H1 results, reporting that sales in the first half of the year were 473 million euros (approximately RMB 3.257 billion), a year-on-year increase of 29%. Barco's Q2 revenue performance this year has exceeded the same period in 2019.

In terms of other data, the order volume in 22H1 was 538 million euros, an increase of 146 million euros compared with the first half of 2021, and an increase of 51 million euros compared with the end of 2021. Orders in 2Q22 were 262 million euros, an increase of 11% from 2Q21 and almost the same as 2Q19. EBITDA was 46 million euros in 1H22, accounting for 9.8% of sales, compared with 7.5% in 1H21, which was 27 million euros. Sales in 2Q22 were 266 million euros, an increase of 37% over 2Q21 and an increase of 5% over 2Q19.

From a regional perspective, orders in the Americas increased by 30% and sales increased by 40%, mainly due to orders and growing demand for large-scale theater screenings, as well as the rebound of the conference market and the growth of medical care. Orders in the Asia-Pacific region fell by 27% and sales increased by 9%, mainly due to the impact of the new crown epidemic.

According to the announcement, sales conversion rates increased in all Barco divisions and in all regions. In the first quarter, growth accelerated from the first quarter to the second quarter on strong growth in demand for theater and convention experiences.

OfficeThe face performed well in Q1, reflecting stable return-to-office conditions in Europe and the Americas. Sales of large video walls in the first half of the year increased at a double-digit rate compared with last year, which was the same as in 2019 Q2.

Regarding large splicing walls, the announcement stated

1. The overall market is elastic, and orders are slightly stable compared to the competition with H1; 2. Sales have grown steadily. Since Q2 in 2019, this year’s Q2 sales ranked second, and it also faced delays in the delivery of some projects; 3. It expanded the overall value (three-in-one and software) and strengthened its competitive position; 4. However, the overall profitability still lags behind, partly due to high logistics costs.