Agfa-Gevaert publishes its second quarter 2016 results - Regulated information - August 25, 2016 - 7

45 a.m. CET

 

·         Overall good performance of the growth engines

·         Recurring EBITDA at 12.1% of revenue in the second quarter and 10.1% after six months - Step towards reaching the 10% full year 2016 target   

·         Solid net profit

Mortsel (Belgium), August 25, 2016 - Agfa-Gevaert today announced its second quarter 2016 results.  

"In the second quarter, our efficiency measures continued to contribute to the improvement of our profitability. Also helped by positive raw material effects, we brought our gross profit margin to the highest level in more than five years. Our recurring EBITDA margin improved to 12.1% of revenue in the second quarter and to 10.1% after six months. This clearly shows that we took a step towards reaching the 10% target we set for the full year. The very solid net profit is another point of satisfaction. We now expect the top line decline rate to slow down in the second half of the year," said Christian Reinaudo, President and CEO of the Agfa-Gevaert Group.

Agfa-Gevaert Group - second quarter 2016

in million Euro	Q2 2015	Q2 2016	% change
Revenue	691	645	-6.7%
Gross profit (*)	229	230	0.4%
% of revenue	33.1%	35.7%
Recurring EBITDA (*)	72	78	8.3%
% of revenue	10.4%	12.1%
Recurring EBIT (*)	56	64	14.3%
% of revenue	8.1%	9.9%
Result from operating activities	48	74	54.2%
Result for the period	25	40	60.0%
Net cash from (used in) operating activities	(1)	8

(*) before restructuring and non-recurring items