Belgium's Agfa-Gevaert Q1 revenue rises, net loss narrows on strict cost control

Agfa Gevaert NV

12/05/2026 06:54

Overview

Belgium imaging and chemicals group's Q1 revenue rose 1.7% yr/yr excluding currency impact

Adjusted EBITDA increased to 12 mln eur, driven by savings and passing on silver price impact

Net loss narrowed to 12 mln eur from 20 mln eur a year earlier

Outlook

Agfa-Gevaert expects 2026 group revenue to grow versus 2025, driven by Imaging and Chemicals

Company sees 2026 group profitability exceeding 2025, with Imaging and Chemicals leading improvement

Agfa-Gevaert expects 2026 free cash flow to be more negative than 2025 due to higher transformation and silver-related cash outflows

Result Drivers

SILVER PRICE PASS-THROUGH - Co said higher silver prices were passed on to customers, offsetting volume declines and supporting revenue and profitability

COST SAVINGS - Co attributed improved profitability to savings programs and strict cost control

SEGMENT MIX - Digital Printing Solutions posted revenue growth, while Green Hydrogen Solutions was impacted by market weakness

Company press release: ID:nGNE8xwQKM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 236 mln
EUR 241 mln (1 Analyst)
Q1 Net Result
-EUR 12 mln
Q1 Adjusted EBITDA
EUR 12 mln
Q1 Adjusted EBIT
EUR 3 mln
Q1 Gross Profit
EUR 76 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

Wall Street's median 12-month price target for AGFA Gevaert NV is €0.70, about 48.9% above its May 11 closing price of €0.47

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)