· Strong top line performance of Agfa HealthCare's IT growth engines, offset by the impact of the weak economy on Agfa Graphics' businesses
· Gross profit margin continued to improve year-on-year
· Recurring EBIT at 21 million Euro
· Net result at minus 12 million Euro
Mortsel (Belgium), May 14, 2013 - Agfa-Gevaert today announced its first quarter 2013 results.
"Agfa HealthCare's growth engines performed well, whereas Agfa Graphics' top line was affected by the uncertain and weak economic situation. The gross profit margin continued to improve year-on-year, driven by the effects of our efficiency programs. We expect to be able to further restore our net result by focusing on the continuous improvement of our gross profit margin," said Christian Reinaudo, President and CEO of the Agfa-Gevaert Group.
Agfa-Gevaert Group - first quarter 2013
| in million Euro | Q1 2012 | Q1 2013 | % change |
| Revenue | 734 | 705 | -4.0% |
| Gross profit (*) | 208 | 203 | -2.4% |
| % of revenue | 28.3% | 28.8% | |
| Recurring EBITDA (*) | 43 | 41 | -4.7% |
| % of revenue | 5.9% | 5.8% | |
| Recurring EBIT (*) | 21 | 21 | 0.0% |
| % of revenue | 2.9% | 3.0% | |
| Result from operating activities | 11 | 12 | 9.1% |
| Result for the period | (20) | (12) | |
| Net cash from (used in) operating activities | (7) | (36) |
(*) before restructuring and non-recurring items
To read the full press release in pdf-format click on the link below.