Supply chain disruptions, including higher component prices, increased freight broker rates and higher logistics costs have caused Barco to issue a statement to say these issues will impact its earnings for the current financial year.
While sales for 2021 are expected to grow mid-single digit year-over-year, in line with earlier guidance, EBITDA for the year is now expected to be in the range of €56 to €60 million.
Barco implemented price increases across its portfolio and regions and expects these price increases to benefit gross profit margin as of the first half of 2022.