Tuesday, May 11, 2021
Agfa has reported encouraging results for “most” of its activities in Q1 as cost reductions and price increases begin to bear fruit.
Agfa: solid performance from growth engines
The Q1 period is typically “seasonally weak” for the Belgium-headquartered manufacturer.
Overall group sales were down 9% at €396m, while EBITDA fell by 36.3% to €15m.
At Offset Solutions, Agfa’s biggest business unit, sales were down 9.7% year-on-year at €169m, while adjusted EBITDA slumped by nearly 57% to €1.6m.
However, compared with Q4 of 2020, the unit s gross margin improved from 20.6% to 23.6%, “which shows that the measures taken to restore the profitability of this division are beginning to kick in”, Agfa said.
Agfa to increase plate prices by up to 10%
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Agfa to increase plate prices by up to 10%
printweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from printweek.com Daily Mail and Mail on Sunday newspapers.