Results of the Enterprise division
Division in the group
Distribution based on sales
Sales
In millions of euro
Ecoscore
revenues from products with Barco ECO label
Gross profit
In millions of euro
EBITDA
In millions of euro
Comments on the results
Enterprise continued strong demand for both its Meeting Experience and Large Video Walls solutions with orders up 8% year-over-year. Sales for the division declined by 4%. Meeting Experience almost equaled the strong result of last year by winning market share in a soft corporate market. For Large Video Walls, orders and sales grew towards the end of the year. The business unit executed on the new strategy, with a focus on control room installations that are increasingly software-driven.
Enterprise delivered an 18.7% EBITDA margin, essentially in line with last year, and showing a significant increase from the first to the second half of 5.8 percentage points. This was driven by an increase in the Meeting Experience margin and the cost and margin benefits of the restructuring of the Large Video Walls segment.
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