Brief: Agfa Gevaert Q3 Adjusted EBIT Up At 24 Million Euros

Agfa Gevaert NV

06/11/2019 07:26

Nov 6 (Reuters) - AGFA GEVAERT NV  AGFB.BR :
    * Q3 REVENUE EUR 553 MILLION VERSUS EUR 539 MILLION YEAR AGO
    * Q3 LOSS FOR THE PERIOD EUR 4 MILLION VERSUS LOSS OF EUR 5
MILLION YEAR AGO
    * Q3 ADJUSTED EBIT EUR 24 MILLION VERSUS EUR 21 MILLION YEAR
AGO
    * Q3 GROSS PROFIT MARGIN DECREASED FROM 31.8% OF REVENUE IN
Q3 OF
2018 TO 31.0%
    * MAIN REASONS FOR GROSS PROFIT MARGIN DECREASE WERE ADVERSE
PRODUCT AND REGIONAL MIX EFFECTS AND NEGATIVE IMPACT OF HIGH
ALUMINUM COSTS
    * EXPECTED THAT EFFECTS OF ALLIANCE WITH LUCKY HUAGUANG
GRAPHICS
WILL BECOME INCREASINGLY VISIBLE IN COMING QUARTERS

Source text for Eikon:  ID:nGNE6JmYsB 
Further company coverage:  AGFB.BR 

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