Brief: Agfa-Gevaert FY Group Revenue Up At EUR 1.86 Bln

Agfa Gevaert NV

08/03/2023 07:03

March 8 (Reuters) - Agfa Gevaert Nv  AGFB.BR :
    * THE AGFA-GEVAERT GROUP IN FULL YEAR 2022 - REGULATED
INFORMATION
    * FY ADJUSTED EBITDA DECREASE OF 9% VERSUS 2021 DUE TO
CONTINUING
COST INFLATION, LOCKDOWNS IN CHINA AND SOFTER DEMAND IN
NON-HEALTHCARE MARKETS
    * OUTLOOK 2023: AGFA-GEVAERT GROUP EXPECTS A RECOVERY IN
PROFITABILITY IN FULL YEAR 2023 VERSUS 2022
    * FY REVENUE GROUP SHARE EUR 1.86 BILLION VERSUS EUR 1.76
BILLION
YEAR AGO
    * NET FINANCIAL DEBT (INCLUDING IFRS 16) EVOLVED FROM NET
CASH
POSITION OF 325 MILLION EURO AT END OF 2021 TO A NET CASH
POSITION OF 72 MILLION EURO AT END OF 2022
    * IN FULL YEAR 2022, GROUP USED A FREE CASH FLOW OF EUR 127
MILLION
    * FY NET LOSS OF EUR 223 MILLION MAINLY IMPACTED BY NON-CASH
IMPAIRMENT CHARGES
    * OUTLOOK 2023: HEALTHCARE IT GROWTH STRATEGY TO DELIVER TOP
LINE
GROWTH AND DOUBLE DIGIT 2023 ADJUSTED EBITDA GROWTH

Source text for Eikon:  ID:nGNE3sGGsQ 
Further company coverage:  AGFB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;;))