Brief: Agfa-Gevaert Q3 Adjusted EBITDA Up At 21 Mln Euros

Agfa Gevaert NV

09/11/2021 07:25

Nov 9 (Reuters) - AGFA Gevaert NV  AGFB.BR :
    * Q3 ADJUSTED EBITDA 35% HIGHER THAN IN Q3 OF 2020
    * Q3 GOOD MARGIN PERFORMANCE VERSUS Q3 2020 DESPITE
INCREASING
INFLATIONARY PRESSURE AND SUPPLY CHAIN ISSUES
    * Q3 DECENT TOP LINE RECOVERY BUT CONTRASTED PERFORMANCE
BETWEEN
DIVISIONS
    * Q3 STRONG PRICE ACTIONS IN PLACE AS CONTRACTS ALLOW
    * Q3 WORKING CAPITAL STABLE ASA PERCENTAGE OF SALES DESPITE
RAW
MATERIAL COST INFLATION AND SUPPLY CHAIN ISSUES
    * OUTLOOK 2021 : AGFA-GEVAERT GROUP EXPECTS AN UPTURN IN
PERFORMANCE FOR HEALTHCARE IT DIVISION IN Q4
    * GROUP'S EBITDA IS EXPECTED TO BE BELOW LEVEL OF Q4 OF 2020
    * IT IS EXPECTED THAT INFLATIONARY PRESSURE AND SUPPLY CHAIN
ISSUES WILL CONTINUE TO HAVE AN IMPACT IN FIRST QUARTERS OF NEXT
YEAR
    * Q3 REVENUE EUR 439 MILLION VERSUS EUR 410 MILLION YEAR AGO
    * Q3 NET LOSS EUR 5 MILLION VERSUS LOSS OF EUR 25 MILLION
YEAR AGO
    * Q3 ADJUSTED EBITDA EUR 21 MILLION VERSUS EUR 16 MILLION
YEAR AGO
    * RESTRUCTURING AND NON-RECURRING ITEMS RESULTED IN AN
EXPENSE OF
7 MILLION EURO, VERSUS AN EXPENSE OF 9 MILLION EURO IN Q3 OF
2020
    * IT IS EXPECTED THAT INFLATIONARY PRESSURE AND SUPPLY CHAIN
ISSUES WILL CONTINUE TO HAVE AN IMPACT IN FIRST QUARTERS OF NEXT
YEAR
    * DUE TO SUCCESSFUL PRICE ACTIONS FOR OUR FILM PRODUCTS,
PRINTING
PLATES, AND STRICT COST MANAGEMENT, OUR MARGINS REMAINED AT
DECENT LEVEL COMPARED TO LAST YEAR - CEO
    * Q3  GROSS PROFIT MARGIN REMAINED ALMOST STABLE AT 26.8% OF
REVENUE

Source text for Eikon:  ID:nGNE33tmKT 
Further company coverage:  AGFB.BR 

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