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Barco's Group Turnover Increases by 8%

Details: 14 March 2016

The Barco Group is closing the 1999 financial year with a group turnover of 28.6 billion BEF, compared with 26.436 billion BEF for 1998. This represents an 8% increase. Within this, Barco Projection Systems saw its turnover increase by almost 5%. This was probably limited by only partial recuperation of the loss in market share, especially in the USA, after the fire in the projectors factory in Kuurne in February 1998. During the course of 1999 however, Barco started to catch up with the introduction of the ELM projector based on the DLP technology of Texas Instruments. The year was also marked by some important structural changes within Barco Projection Systems with the business structured into five divisions.