“2020 was a reset but we firmly believe that our markets are resilient and will bounce back.”
Nicolas Vanden Abeele, General Manager Entertainment
Results of the Entertainment division
Entertainment division in the group
38%
Sales
Distribution based on sales
50%
Cinema
50%
Venues & Hospitality
50%
Venues & Hospitality
Sales
In millions of euro
291.4
2020
455.1
2019
408.1
2018
Eco score
67%
Percentage of new product releases with a Barco ECO label
Customer net promotor score
30
NPS is Barco’s standard customer experience metric, measured quarterly
Gross profit
In millions of euro
82.8
2020
143.2
2019
143.3
2018
EBITDA
In millions of euro
0.3
2020
43.3
2019
32.9
2018
Comments on the results
As a result of contractions in business activity in all regions related to the pandemic beginning in Q2 2020, Entertainment sales declined 36% for the year. The fourth quarter topline evolution however reflects marked recovery mainly driven by projects in the ProAV and cinema markets led by China. During 2020, the cinema activity accounted for approximately 50% of the divisional sales down from 58% in 2019. EBITDA was break-even on the decline in gross profit and a negative operating leverage effect on fixed costs due to weaker divisional sales.
"Our strategy still stands. People are craving for entertainment, more than ever."
An interview with the Cinionic CEO, Wim Buyens
Entertainment stories
