2007 Shows Good Growth in Sales and EBIT |
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Barco, Inc.
3240 Townpoint Dr.
Kennesaw, GA, 30144
USA
Press release date: February 13, 2008
Kortrijk, Belgium, 13 February 2008 - Barco (Euronext: BAR; Reuters: BARBt.BR; Bloomberg: BAR BB) today announced results for the three- and twelve-month periods ended 31 December, 2007.
On the basis of continuing operations (excluding BarcoVision and Manufacturing Services) sales for 4Q07 were euro 225.4 million. Orders were euro 186.6 million. EBIT was euro 27.0 million, a growth of 17.9% compared to 4Q06. Sales on the basis of continuing operations for Fiscal Year 2007 were euro 747.2 million, up 9.7%, and orders were euro 795.4 million, an increase of 6.6%. Orderbook at 31 December 2007 was euro 304.5 million, 9.7% higher than the year before. EBIT was euro 57.5 million, an increase of 12.5%.
The Board of Directors will propose to the Annual Shareholders' meeting to increase the dividend to euro 2.40. Following the closing of the divestment of BarcoVision, a capital reduction to the amount of euro 70 million will result in approximately euro 5.80 per share.
More: http://www.barco.com/corporate/en/pressreleases/show.asp?index=2027
JP Tanghe Vice President Barco President Corporate Communication and Investor Relations
Barco nv Tel. +32 56/26 23 22 Fax. +32 56/26 22 62 http://www.barco.com jp.tanghe@barco.com
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