Barco
Annual Report
2020

Integrated report

©Bart van Leuven voor Piece Montée

On the road to integrated reporting

Since 2017, Barco has been on a mission to enable bright outcomes. In line with that mission, we are happy to present our very first Integrated report. It highlights our commitment to financial as well as non-financial outcomes, value and impact. Beyond accountability and reporting, we also consider integrated reporting a driving force for value creation and innovation. It will guide us further on our road to enabling bright outcomes – for customers, business partners, employees, shareholders and every other stakeholder.

Message from the CEO

2020 was an unprecedented year for each and every one of us. The entire Barco team worked really hard to navigate the human and business impacts of the covid-19 crisis. It has been inspiring to see the agility, creativity and resilience shown by our colleagues at all levels.

Read the CEO message

Covid-19 crisis: our response

Since the outbreak of the covid-19 pandemic, we at Barco have been continuously adjusting to face the challenges posed by the virus.

Read more about our approach on our website or check the ‘risk’ section in this report.

Key figures

Highlights Financial Manufactured Intellectual Planet People Communities

3,303

Number of employees

(heads)

65%

Reduction total greenhouse gas emissions

vs baseyear 2015

770.1

Group sales

(in millions of euro)

7%

EBITDA margin

193.5

Net cash

(in millions of euro)

770.1

Group sales

(in millions of euro)

7%

EBITDA margin

1.90%

Capex

(in % of sales)

92%

iGemba improvement suggestions implemented

3%

ROCE

430

Number of patents at year-end

10

Number of new patent filings

13.3%

R&D spend

(in % of sales)

48%

New products released with Barco ECO label

(hardware)

27%

Energy footprint reduction of sold products

(vs 2015)

34%

Carbon footprint reduction of own operations

(vs 2015)

53.5%

Energy consumption from renewable sources

3,303

Number of employees

(heads)

20%

Internal mobility

(% of vacancies filled internally)

17%

Women in senior management

2.44

Lost time injury frequency rate

47

Customer Net Promotor Score

98%

Employees trained in Standards@Work

98%

Key(+) & core suppliers that signed declaration of compliance with RBA Code of Conduct

(Responsible Business Alliance)

Designing technology to enable bright outcomes around the world

Seeing beyond the image, Barco develops visualization and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise, Healthcare, and Entertainment.

Discover more about Barco

How we create value

The concept of ‘value creation’ fits perfectly with Barco’s mission of enabling bright outcomes for its stakeholders.

In this Integrated report, we describe our inputs and explain how, through our business model, our strategy and our operating model, we convert these into outputs to ensure sustainable value for all our stakeholders.

Explore how Barco creates value

Our strategy

To guide us in pursuing our mission to enable bright outcomes, we introduced a new strategy in 2017. It is built around four pillars: ‘innovate for impact’, ‘focus on performance’, ‘offer outcome-based solutions’ and ‘go for sustainable impact’.

Take a deep dive into our strategy