Agfa-Gevaert bespreekt prestaties in het eerste kwartaal van 2019 - Gereglementeerde informatie - 14-05-2019 - 7

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FINANCIAL RESULTS
"Excluding the effects of the discontinuation of certain offset-related reseller activities in the United States, we were able to stabilize our top line compared to the first quarter of last year. In the Radiology Solutions division, the efforts we did to reorganize the Chinese distribution channels for hardcopy are now clearly paying off, resulting in strong revenue growth for this business. In the Digital Print & Chemicals division, the inkjet activities and several other future-oriented activities also performed well. When we keep in mind that we are comparing with a very strong first quarter of 2018, the HealthCare IT division performed according to expectations. Our continuous focus on further improving the profitability of the healthcare IT activities is clearly starting to bear fruit. The Offset Solutions division continues to struggle with the many challenges in its industry, but we are convinced that the alliance with Lucky and the other strategic measures we have taken will allow the division to improve both its top line and its profitability," said Christian Reinaudo, President and CEO of the Agfa-Gevaert Group.

Statement on IFRS 16 and 2018 restated profit and loss numbers
Several factors influence the way the Agfa-Gevaert Group reports its financial results as from the first quarter of 2019.
The activities of the Agfa-Gevaert Group have been regrouped into four divisions: Offset Solutions (the offset business of the former Agfa Graphics business group), Digital Print & Chemicals (the inkjet business of the former Agfa Graphics business group and the activities of the former Agfa Specialty Products business group), Radiology Solutions (the imaging activities of the former Agfa HealthCare business group), and HealthCare IT (the IT activities of the former Agfa HealthCare business group). This simplified divisional structure is technology and solutions based and will allow the businesses to seek future partnerships. To allow for a more accurate assessment of the business performances, some costs of corporate functions at Group level (e.g. Investor Relations, Corporate Finance, Internal Audit, the newly created Innovation Office,.) are no longer attributed to the business divisions. For Q1 2019, these costs amounted to 5 million Euro (Q1 2018: 4 million Euro). These costs are now grouped under Corporate Services. To allow comparison, the Q1 2018 profit and loss numbers have been restated.