Barco NV (BCNAY) Q2 2026 Earnings Call Transcript

Barco NV (BCNAY) Q2 2026 Earnings Call July 14, 2026 8:00 PM EDTCompany ParticipantsWillem Fransoo - Director of Investor RelationsAn Steegen - Co-CEO &...

Company Participants Willem Fransoo - Director of Investor Relations An Steegen - Co-CEO & Director Ann Desender - Senior VP & CFO Conference Call Participants Marc Hesselink - ING Groep N.V., Research Division Trion Reid - Joh. Berenberg, Gossler & Co. KG, Research Division Presentation Willem Fransoo Director of Investor Relations Good morning, ladies and gentlemen. Thank you for joining our earnings call for the first half results 2026 here at Barco.

My name is Willem Fransoo. I'm Director of Investor Relations. I'm here in the room with our CEO, An Steegen; and CFO, Ann Desender.

We will present first our results, which will take about 20 minutes. And after that, we will open for questions. And I will give the word first to our CEO.

An Steegen Co-CEO & Director Thank you, Willem. Good morning, everybody. Let me start with a summary of the results of the first half of '26.

So orders came in at EUR 468 million. That's 4% lower than last year. When we calculate that at constant currency, it's flat.

Sales landed at EUR 418 million, 8% below last year, 3% if you calculate at constant currency. So after a difficult first quarter, we saw the momentum improving in the second quarter, where we saw orders picking up towards the second half of the second quarter. Also worth mentioning is that Diagnostic Imaging as well as Control Rooms really stood out for their solid performance throughout the first half year.

Order book is now at EUR 568 million. That's up compared to the end of '25. At that point, we're at EUR 492 million.

This, of course, gives again a solid basis for the quarters to come, a solid foundation for the quarters to come.