(ABM FN) Barco has presented disappointing margins in the first half of the year. This was stated by analyst Kris Kippers of Degroof Petercam in a report on Wednesday.
The company this morning lowered its margin expectations for the
full year 2024. A margin of 11 to 13 percent is now expected, compared to an earlier expectation of 14 percent.
Margins are still under pressure due to the very
low volumes of ClickShare, Kippers saw, which has an impact on the operating leverage of the
Barco’s most profitable product.
After the publication of the half-year results, the
consensus on margins is likely to be lowered, the analyst believes, as these
is now at the top of the new outlook at 12.9 percent.
The new outlook further implies that Barco will
outlook for stable turnover no longer repeated, according to Kippers. From 2025 Kippers expects turnover growth on an annual basis.
Degroof Petercam has a buy recommendation on Barco with a target price of EUR 20.00.
On the Brussels stock exchange, Barco shares are trading more than 13 percent higher at 11.60 euros on Wednesday morning. Earlier, the share was trading 5 percent lower.
