Barco Nv (BCNAF) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. I am Willem Franszoo, I'm Director of Investor Relations at Barco. We welcome you today to this conference call on the results of the second quarter of the year and the half-year results, 2023. Today with me here on stage are Ann Stegen, Co-CEO of Barco, and also Anders Sender, CFO of Barco. Co-CEO Charles Baudouin is currently on medical leave and would like to be excused for this call. On Stegen and on the sender will now walk us through the half-year results. And the update under the heading 10% sales growth fueled by strong performance of entertainment, step up in profitability with EBITDA margin at 12.5%. They will provide extra color on the results using the earnings presentation, which is available on our website since this morning. And that's it for the introduction. We'll take it from slide three onwards in the executive summary. Anstegen, the floor is yours. So we reached a top line sales of 521 million, which is a 10% year-over-year growth. And also for Barco, this means an all-time high for the first semester. This growth was mainly fueled by a very strong performance in the entertainment business unit. We also saw 60% of our revenue coming from eco-labeled products, and that was mainly driven by the enterprise division, where we have now a complete portfolio of click share eco-labeled, and also the new LED series that we brought on the market are eco-labeled. We have a positive book-to-bill, larger than one, and that results in a solid order book of 506 million. EBDA landed at 65 million. That represents an EBDA margin of 12.5%, up 2.7 percentage points year over year. That was mainly related due to a very good product mix, also higher gross profit margins. because we clearly see an eased supply chain situation, and th...