Barco NV - geopolitical instability and uncertainty continued to impact demand and visibility throughout the first half

Barco NV reported mixed financial results for the first quarter of 2026, with order intake of €215.4 million, a 7% decline year-over-year, though flat at constant currencies. Sales for the period totaled €180.6 million, down 15% compared to the same period in 2025, primarily due to currency headwinds and delayed order conversion. Despite these challenges, the company’s order book increased by 9% to €536.0 million, reflecting continued demand for software-driven solutions.

The CEO noted ongoing market uncertainty, particularly in the US and the Middle East, and emphasized cost discipline and strategic focus. Barco also highlighted that the pace of customer investment and order conversion remains uneven, with full-year guidance potentially at risk.

Looking ahead, the company plans to provide an updated outlook, including the integration of VerVent Audio Holding, when it releases its first-half 2026 results. Barco continues to target organic growth toward €1.1 billion, a 15% EBITDA margin, and 15% recurring revenues by 2028.