Brief: Agfa-Gevaert FY Adjusted EBITDA Down To EUR 99 Mln

Agfa Gevaert NV

10/03/2021 07:02

March 10 (Reuters) - AGFA Gevaert NV  AGFB.BR :
    * AGFA-GEVAERT IN 2020: ADVANCING TRANSFORMATION DESPITE PANDEMIC CHALLENGES
-
REGULATED INFORMATION – MARCH 10, 2021 - 7:45 A.M. CET
    * AGFA GEVAERT NV - GROUP'S GROSS PROFIT MARGIN AMOUNTED TO 28.9% OF
REVENUE,
VERSUS 29.9% IN 2019.
    * FY ADJUSTED EBITDA DECREASED FROM 153 MILLION EURO (7.8% OF REVENUE) IN
2019 TO
99 MILLION EURO (5.8% OF REVENUE), WHICH IS IN LINE WITH GUIDANCE GIVEN LAST
NOVEMBER
    * STILL EXPECTS A SUBDUED FIRST HALF OF YEAR, FOLLOWED BY A SUBSTANTIAL
RECOVERY
IN SECOND SEMESTER
    * AGFA GEVAERT NV - IN SECOND HALF OF YEAR, GROUP EXPECTS SUBSTANTIAL
PROGRESS IN
ALL DIVISIONS, EXCEPT IN RADIOLOGY SOLUTIONS DIVISION, WHERE MARGIN AND VOLUME
IMPACT IN FILM ACTIVITY WILL NOT BE COMPENSATED BY GROWTH IN DIRECT RADIOGRAPHY
    * FOR FY INCLUDING PROCEEDS OF SALE OF PART OF HEALTHCARE IT ACTIVITIES,
AGFA-GEVAERT GROUP POSTED A NET PROFIT OF 621 MILLION EURO.
    * AGFA GEVAERT NV - IN MEDIUM TERM, MOST ACTIVITIES OF GROUP WILL FULLY
RECOVER
FROM DISRUPTION CAUSED BY COVID-19 AND SOME WILL EVEN BENEFIT FROM POST-COVID
OPPORTUNITIES AND MARKET DEVELOPMENTS
    * OFFSET PRINTING DEMAND IS NOT EXPECTED TO FULLY RECOVER GOING FORWARD
    * NEW REVOLVING CREDIT FACILITY OF 230 MILLION EURO
    * FY REVENUE EUR 1.71 BILLION VERSUS EUR 1.98 BILLION YEAR AGO

Source text for Eikon:  ID:nGNE67HNrr 
Further company coverage:  AGFB.BR 

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