The Agfa-Gevaert Group in Q2 2024: solid quarter, driven by growth engines – regulated information – inside information

Regulated information – Inside information
August 28, 2024 – 07:45 CET

The Agfa-Gevaert Group in Q2 2024: solid quarter, driven by growth engines

• Healthcare IT:
  • Highest quarterly order intake ever recorded: 22% increase in trailing 12-month order intake compared to the previous year, primarily driven by cloud-related contracts
• Digital printing and chemicals:
  • Continuous double-digit growth for Green Hydrogen Solutions
  • Digital printing solutions: revenue growth and strong improvement in profitability
  • Film activities: continued pressure from macroeconomic conditions
• Radiology Solutions:
  • Ongoing reorganization of go-to-market processes for medical films in China
• Program to improve competitiveness of film-related activities through transformation of supply chain and operations – expected to reduce cost base by EUR 50 million by end of 2027
• Adjusted EBITDA improved strongly to EUR 22 million
• Net profit of 5 million euros

Mortsel (Belgium), August 28, 2024 – 07:45 CET – Agfa-Gevaert today commented on its second quarter 2024 results.
“The growth engines of the Digital Print & Chemicals division posted healthy top line growth. In HealthCare IT, we booked our highest order volume ever, based on our cloud offering and net new customer additions. Furthermore, we saw a significant improvement in quarterly profitability in all business areas. As part of our strategy to optimally manage mature markets for cash, we recently launched a transformation program to improve the competitiveness of our film-related activities. The program aims to structurally reduce the cost base of the film activities by 50 million Euro by the end of 2027,” said Pascal Juéry, President and CEO of the Agfa-Gevaert Group.