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Agfa Gevaert NV (AGFB.BR)

AGFB.BR on Brussels Stock Exchange

3.53EUR
3:07pm IST
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Latest Key Developments (Source: Significant Developments)

Agfa-Gevaert Q2 Adjusted EBITDA Down At 31 Million Euros
Wednesday, 26 Aug 2020 

Aug 26 (Reuters) - AGFA GEVAERT NV ::IN Q2 2020, STRONG IMPROVEMENT OF IMAGING IT BUSINESS' PROFITABILITY, SIGNIFICANT COVID-19 IMPACT ON PRINTING ACTIVITIES.ADJUSTED EBITDA DECREASED FROM 48 MILLION EURO (9.7% OF REVENUE) IN Q2 2019 TO 31 MILLION EURO (7.9% OF REVENUE).Q2 REVENUE EUR 397 MILLION VERSUS EUR 497 MILLION YEAR AGO.I ALSO WANT TO RE-AFFIRM OUR CONFIDENCE THAT OUR COVID-19 RESILIENT HEALTHCARE BUSINESSES ARE WELL POSITIONED FOR FUTURE GROWTH - CEO.DUE TO PROCEEDS OF SALE OVER PART OF HEALTHCARE IT ACTIVITIES, NET FINANCIAL DEBT EVOLVED FROM 219 MILLION EURO AT END OF 2019 TO A NET CASH POSITION OF 677 MILLION EURO.IN Q2, NET CASH FROM OPERATING ACTIVITIES AMOUNTED TO MINUS 68 MILLION EURO.IMPACTED BY COVID-19, TRADE WORKING CAPITAL EVOLVED FROM 579 MILLION EURO (26% OF SALES) AT END OF 2019 TO 539 MILLION EURO (29% OF SALES) AT END OF JUNE 2020.SALE OF PART OF HEALTHCARE IT ACTIVITIES: AROUND 350 MILLION EURO OF PROCEEDS WILL BE USED TO INCREASE FUNDING RATIO OF FUNDED PENSION PLANS IN BELGIUM, UK AND USA AND IMPLEMENT DE-RISKING ACTIONS.TODAY'S SITUATION DOES NOT ALLOW GROUP TO ASSESS A QUANTIFIED IMPACT OF COVID-19 PANDEMIC ON ITS 2020 FINANCIAL PERFORMANCE AND TO PROVIDE A FULL YEAR OUTLOOK FOR 2020.NET FINANCIAL DEBT EVOLVED FROM 219 MILLION EURO AT END OF 2019 TO A NET CASH POSITION OF 677 MILLION EURO IN END-Q2.  Full Article

Agfa Gevaert Q2 Revenue Up At 576 Million Euros
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Agfa Gevaert NV ::Q2 ADJUSTED EBITDA 56 MILLION VERSUS EUR 49 MILLION YEAR AGO .Q2 REVENUE EUR 576 MILLION VERSUS EUR 559 MILLION YEAR AGO.Q2 NET PROFIT OF 15 MILLION EURO (INCLUDING IFRS 16).Q2 RESULT RESULT FROM OPERATING ACTIVITIES EUR 31 MILLION VERSUS EUR 27 MILLION YEAR AGO.WE WERE ABLE TO RETURN TO TOP LINE GROWTH FOR THE FIRST TIME SINCE 2015 - CEO.END-JUNE NET CASH FROM OPERATING ACTIVITIES AMOUNTED TO 6 MILLION EURO..  Full Article

Agfa Gevaert FY Net Result Swings To Loss Of EUR 15 Mln
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Agfa Gevaert NV ::FY LOSS FOR THE PERIOD EUR 15 MILLION VERSUS PROFIT EUR 45 MILLION YEAR AGO.FY RECURRING EBITDA EUR 179 MILLION VERSUS EUR 222 MILLION YEAR AGO.AT END-2018 NET FINANCIAL DEBT AMOUNTED TO 144 MILLION EURO, VERSUS 18 MILLION EURO AT END OF 2017.FY REVENUE EUR 2.25 BILLION VERSUS EUR 2.44 BILLION YEAR AGO.FY NET CASH LOSS FROM (USED IN) OPERATING ACTIVITIES EUR 44 MILLION VERSUS PROFIT EUR 39 MILLION YEAR AGO.SAYS NET LOSS AND INCREASE IN NET FINANCIAL DEBT LARGELY DUE TO TRANSFORMATION INVESTMENTS.  Full Article

Agfa Gevaert Chooses Verizon Enterprise Solutions For Global Network Transformation
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - AGFA GEVAERT NV ::AGFA CHOOSES VERIZON ENTERPRISE SOLUTIONS FOR GLOBAL NETWORK TRANSFORMATION.VERIZON WILL TAKE ON THE GLOBAL MANAGEMENT OF AGFA’S NETWORK.DEPLOYS VERIZON’S SOFTWARE-DEFINED NETWORKING AND MANAGED NETWORK SERVICES.  Full Article

Agfa Gevaert NV Q3 Recurring EBITDA At 35 Million Euros
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Agfa Gevaert NV ::Q3 RECURRING EBITDA AT 35 MILLION EURO.Q3 REVENUE EUR 539 MILLION VERSUS EUR 593 MILLION YEAR AGO.Q3 LOSS FOR THE PERIOD EUR 5 MILLION VERSUS PROFIT EUR 14 MILLION YEAR AGO.WE STICK TO OUR AMBITION TO TARGET A RECURRING EBITDA MARGIN OF AROUND 10% OF REVENUE ON AVERAGE IN YEARS TO COME - CEO.Q3 RECURRING EBITDA EUR 35 MILLION VERSUS EUR 53 MILLION YEAR AGO.  Full Article

BRIEF-Agfa Gevaert Announces Two Factory Closures In France And UK

* AGFA REORGANIZES ITS PRINTING PLATE MANUFACTURING CAPACITY TO ADDRESS THE SIGNIFICANT DECLINE IN MARKET DEMAND