Agfa-Gevaert tracks best day in more than 12 years after profit beat

Agfa Gevaert NV

13/03/2024 09:00

** Shares in Agfa-Gevaert  AGFB.BR  jump around 16%, paring
gains after rising as much as 38%, after the Belgian imaging
products manufacturer reported profit well above expectations
    ** Its full-year adjusted EBIT came in at EUR 31 million,
63% above company-compiled consensus 
    ** The company's gains are driven by its growth engines,
i.e. healthcare IT, digital printing and Zirfon membrane
sectors, which compensated the decline in traditional film
activities, says KBC in a report
    ** For 2024, the group expects "a continuation of the trends
seen in the previous year, with continued growth for the growth
engines and further profitability improvements"
    ** If gains hold the stock will see its best day since
August 2011

 (Reporting by Alban Kacher)
 ((Alban.kacher@thomsonreuters.com))