Agfa-Gevaert publishes its full year 2016 results - Regulated information - March 8, 2017 - 7

45 a.m. CET

 

                              

Agfa-Gevaert publishes its full year 2016 results

 

·         Full year 10% recurring EBITDA target exceeded: 10.4%

·         Solid net profit of 80 million Euro

·         Net cash position of 18 million Euro

·         Top line trend started to improve towards the end of the year

·         Continued strong top line performance of HealthCare IT

Mortsel (Belgium), March 8, 2017 - Agfa-Gevaert today announced its full year 2016 results.  
"As expected, we have met our main objective for 2016: we brought our recurring EBITDA margin above 10% of revenue. Furthermore, our strong focus on cash flow generation enabled us to turn our net debt position into a net cash position. These two achievements will now allow us to shift our focus to the top line evolution of our businesses. As we did when we started to focus on the improvement of our gross profit margin a few years ago, we have initiated several top line projects. With these projects, we will aim at limiting the decline of our traditional businesses and at boosting the success of our growth engines. In that respect, the continuous success of our HealthCare IT business acts as an example for our other growth businesses," said Christian Reinaudo, President and CEO of the Agfa-Gevaert Group.

Agfa-Gevaert Group - full year 2016

in million Euro	2015	2016	% change
Revenue	2,646	2,537	-4.1%
Gross profit (*)	843	857	1.7%
% of revenue	31.9%	33.8%
Recurring EBITDA (*)	240	265	10.4%
% of revenue	9.1%	10.4%
Recurring EBIT (*)	180	208	15.6%
% of revenue	6.8%	8.2%
Result from operating activities	161	166	3.1%
Result for the period	71	80	12.7%
Net cash from (used in) operating activities	149	142

(*) before restructuring and non-recurring items