Agfa-Gevaert publishes its third quarter 2017 results - Regulated information - November 8, 2017 - 7

45 a.m. CET

·         Good performance by most of the growth engines

·         Net profit of 14 million Euro

·         Net financial debt at 22 million Euro

Mortsel (Belgium), November 8, 2017 - Agfa-Gevaert today announced its third quarter 2017 results.  
"The progress made in the reorganization of our distribution channels for hardcopy film and the continued strong order book build-up in IT give us confidence in the short to medium term evolution of our HealthCare business.
Both our Inkjet business and our future-oriented specialty products performed well, while continued volume decreases, price erosion and aluminum price increases weighed on our prepress business.
The study on how to reorganize our HealthCare IT activities into a stand-alone legal entity structure within the Group is yielding encouraging results and October 10, the Board of Directors decided to initiate the first steps towards the execution of the plans. The management is fully committed to the success of this project, as we strongly believe that it is in the best interest of our Company, its stakeholders and its employees," said Christian Reinaudo, President and CEO of the Agfa-Gevaert Group.

Agfa-Gevaert Group - third quarter 2017

in million Euro	Q3 2016	Q3 2017	% change
Revenue	625	593	-5.1%
Gross profit (*)	209	195	-6.7%
% of revenue	33.4%	32.9%
Recurring EBITDA (*)	63	53	-15.9%
% of revenue	10.1%	8.9%
Recurring EBIT (*)	49	40	-18.4%
% of revenue	7.8%	6.7%
Result from operating activities	43	31	-27.9%
Result for the period	25	14	-44.0%
Net cash from (used in) operating activities	35	18

(*) before restructuring and non-recurring items