- 7.4 percent growth in recurring EBIT on modest sales growth excluding currency effects
- SG&A costs decreased by 7.3 percent
- Net profit more than doubled to 41 million Euro
Mortsel (Belgium), May 3, 2007 - Agfa-Gevaert today announced its first quarter results. Group sales reached 786 million Euro, an increase of 0.4 percent (excluding currency effects) compared to the first quarter of 2006. The Group's recurring EBIT grew 7.4 percent to 58 million Euro (or 7.4 percent of sales), as positive mix effects and the reduction of expenses more than offset higher silver and aluminum costs. The Group's net result more than doubled from 20 million Euro to 41 million Euro.
The shift from analog to digital and IT accelerated both in Graphics and in HealthCare. In Graphics, this resulted in solid margins for the prepress segment. In HealthCare, strong sales were generated for Computed Radiography and IT solutions, resulting in growing market shares. Specialty Products again reported very strong margins.
The shift from analog to digital and IT accelerated both in Graphics and in HealthCare. In Graphics, this resulted in solid margins for the prepress segment. In HealthCare, strong sales were generated for Computed Radiography and IT solutions, resulting in growing market shares. Specialty Products again reported very strong margins.
