Business News

Agfa-Gevaert reports first quarter results

Tuesday 29. April 2008 - Total sales stable in local currency Graphics: 1.5 percent sales growth in local currency with EBIT margin of 7 percent in prepress

HealthCare: sales decrease due to market decline in imaging and to new PACS release
Specialty Products: continuous sales increase
10 million Euro impact of higher raw material costs
14 percent reduction of Sales and General Administration costs
EBIT of 41 million Euro and net result of 10 million Euro
Seasonal increase in working capital largely avoided

 
Agfa-Gevaert today announced its first quarter results. Group sales amounted to 753 million Euro. In local currency, sales remained stable despite the continuous impact of the strong Euro, which affected the Group’s competitive position, especially in the healthcare markets. Agfa-Gevaert again succeeded in substantially lowering its Sales and General Administration costs. The Group’s results continued to be impacted by the evolution of the silver price, which reached record levels in the course of the first quarter. Recurring EBIT was 41 million Euro and the net profit amounted to 10 million Euro.