“We can’t look away from the impact of the covid-19 crisis. Yet, accelerating all the initiatives that we initiated will definitely help us seize the opportunities of the new, hybrid normal.”
George Stromeyer, General Manager Enterprise
Results of the Enterprise division
Enterprise division in the group
28%
Sales
Distribution based on sales
51%
Corporate
49%
Control rooms
49%
Control rooms
Sales
In millions of euro
216.8
2020
358.7
2019
335.9
2019
Eco score
43%
Percentage of new product releases with a Barco ECO label
Customer Net Promotor Score
48
NPS is Barco’s standard customer experience metric, measured quarterly
Gross profit
In millions of euro
105.2
2020
183.3
2019
171.7
2018
EBITDA
In millions of euro
18.2
2020
74.0
2019
60.9
2018
Comments on the results
The Enterprise division posted a 40% decline in sales and orders for the year and an 8% EBITDA margin, down from 22% in 2019. While Control Rooms started the first half weaker due to project delays and a softer Oil & Gas market, demand for the ClickShare portfolio fell steeply in the second quarter as a result of pandemic-related lockdowns and offices being closed. Overall, Enterprise sales began to recover in the third and fourth quarters with gradual pick-up in both the Control Rooms and the Corporate subsegments. In terms of the sales mix, the Corporate activity accounted for about 51% of Enterprise sales for 2020 versus 58% of Enterprise sales for 2019.
Enterprise stories
