Brief: Agfa-Gevaert Group Q3 Adjusted EBITDA Up At 23 Million Euros

Agfa Gevaert NV

09/11/2022 06:57

Nov 9 (Reuters) - AGFA Gevaert NV  AGFB.BR :
    * GROUP Q3 RESULTS 2022
    * Q3 REVENUE EUR 474 MILLION VERSUS EUR 439 MILLION YEAR AGO
    * Q3 ADJUSTED EBITDA EUR 23 MILLION VERSUS EUR 21 MILLION
YEAR AGO
    * EXPECTS A CONTINUING IMPACT OF COST INFLATION, SUPPLY
CHAIN
ISSUES, COVID LOCKDOWNS IN CHINA AND UNCERTAIN GEOPOLITICAL AND
ECONOMIC SITUATION IN COMING QUARTERS
    * RAW MATERIAL COST INFLATION STARTED TO EASE, SALARY COST
INFLATION IS EXPECTED TO REMAIN A CONCERN IN NEAR FUTURE
    * EXPECTS WORKING CAPITAL TO GO DOWN IN Q4
    * NET FINANCIAL DEBT (INCLUDING IFRS 16) EVOLVED FROM A NET
CASH
POSITION OF 120 MILLION EURO AT END OF Q2 2022 TO A NET CASH
POSITION OF 98 MILLION EURO
    * ECONOMIC REALITY REQUIRES ADDITIONAL MEASURES TO ADAPT
GROUP'S
COST STRUCTURE
    * Q3 GROSS PROFIT EUR 135 MILLION VERSUS EUR 118 MILLION
YEAR AGO

Source text for Eikon:  ID:nGNEsqHWC 
Further company coverage:  AGFB.BR 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))