Barco NV is a Belgium-based global technology company that designs and develops visualization products for various industries, such as medical imaging, media and entertainment, infrastructure and utilities, traffic and transportation, defense and security, and education and training. The Company offers a range of products and services, including projectors, display monitors, multi-projector displays, lighting products, light emitting diode (LED) solutions, sensors, servers, working stations, software and image processing, among others. It has its own facilities for Sales and Marketing, Customer Support, Research and Development, and Manufacturing in Europe, America and Asia-Pacific. Barco NV is active in more than 90 countries.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Barco NV'stotal revenue decreased 12% to EUR457.5M. Net loss from continuing operations totaled EUR13.3M, vs. a profit of EUR4.2M. Total revenue reflects severe softness in the events and out-of-home media markets, particularly in Europe and North America. Net loss from continuing operations reflects decreased gross margin as a result of substantial warranty and obsolescence charges.