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Agfa-Gevaert Publishes Q3 Results

Friday, November 13, 2015

Press release from the issuing company

Positive gross profit margin trend confirmed ? Net profit of 33 million Euro

Further decrease in net debt

Mortsel, Belgium - Agfa-Gevaert today announced its third quarter 2015 results.

“Our third quarter results are in line with our expectations. As stopping top line erosion was one of our major focus points for this year, I am satisfied to report a continuous revenue increase. Pursuing this trend, we should be able to grow our full year revenue to 3 billion Euro in the medium term. Continuing the evolution of the previous quarters, our gross profit margin and recurring EBITDA margin improved versus last year. We reiterate our target of delivering a recurring EBITDA percentage close to 10 percent of revenue in 2015. Furthermore, I am very pleased with our solid net profit, which reflects our operational improvements, as well as the success of our restructuring efforts,” said Christian Reinaudo, President and CEO of the Agfa-Gevaert Group. 

Full Release


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