- Group sales increased 0.3 percent (excluding currency effects)
- SG&A costs decreased by 8 percent
- Graphics' prepress continues to perform well but inkjet is delayed
- HealthCare affected by significant one-off effects
- Net result minus 14 million Euro versus minus 8 million Euro in the third quarter of 2006
Mortsel (Belgium), October 31, 2007 - 8.00 a.m. CET
Agfa-Gevaert today announced its third quarter results. Group sales increased 0.3 percent (excluding currency effects) to 788 million Euro. Several internal and external factors had a considerable negative impact on the Group's results. Although the Group succeeded in substantially lowering its sales and general administration costs, profitability was affected by further increased raw material costs and by the strong Euro, which weakened its competitiveness, especially in HealthCare. Recurring EBIT decreased to 25 million Euro and the net loss was 14 million Euro.
