BAR Visioneering 3lines 4000x4000 1

2022
Integrated
annual report

Visioneering a bright tomorrow

#WEAREVISIONEERS

Visioneering a bright tomorrow’, highlights our belief that truly great engineering starts with a clear vision – a vision of a better, smarter, healthier world. We are constantly thinking about how we can help and transform the quality of life of our customers, our employees and the world around us – not only today, but also in the next 10 or even 20 years.

The concept of integrated reporting, which we launched in 2020, aligns perfectly with that vision. Integrated reporting focuses on how a company creates long-term value, and effectively tells the story of how value is created, both internally and externally.

By sharing that story, openly and transparently, with our investors, employees and all other stakeholders, we can win their trust, which we need to achieve our ‘visioneering a brighter tomorrow’ mission.

02 An Charles 2021 combi

Interview with the CEOs

While the world economic outlook is shaky, our co-CEOs Charles Beauduin and An Steegen look back upon 2022 with satisfaction – and even a sense of pride. During their first full year at the helm of Barco, they have been able to turn the tide and steer the business forward.

Key figures

Sales per division

341.7
Healthcare
317.2
Enterprise
399.3
Entertainment

Sales

In millions of euro

770.1
2020
804.3
2021
1,058.3
2022

Ecoscore

50%

% revenues from products with Barco ECO label

Eco score

Customer Net Promoter Score

44

Barco's standard customer experience metric, measured quarterly (upper quartile industry performance)

Smiley

EBITDA

In millions of euro

54
2020
59
2021
127
2022

Gross profit

In millions of euro

284
2020
288
2021
413
2022
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Designing visioneering technology

Barco develops visualization and collaboration solutions that help professionals accelerate innovation in the healthcare, enterprise and entertainment markets.

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How we create value

The concept of ‘value creation’ fits perfectly with our mission of visioneering a brighter tomorrow. In this integrated report, we describe how we create value to all our stakeholders in the short, medium and long term.

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Our strategy

At Barco, our strategy acts as a guiding light: it defines how we play to win in our markets. To accelerate progress towards our vision, we redefined our strategic levers in 2022. Our renewed strategy now comprises three levers: 'Capture profitable and efficient growth', 'innovate for impact' and 'Go for sustainable impact'.

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Highlights 2022