(News Bulletin 247) – The action of the Belgian group Agfa-Gevaert fell sharply on Wednesday, the specialist in image technologies having presented results in sharp decline for the financial year 2022.
Shortly before 12:00, the action fell by 5.9% while the BEL 20, the flagship index of the Brussels Stock Exchange, fell by 0.6%.
The group, once known for its photography business, posted adjusted operating profit down 9% to 94 million euros last year, despite revenue up 5.5% , to more than 1.85 billion euros.
“2022 has been a year of unprecedented economic and geopolitical instability,” recalls Pascal Juéry, its managing director.
“Cost inflation, supply chain disruptions and lockdowns in China have hurt our business,” he said.
As a result, the specialist in imaging systems for the printing and health sectors shows a net loss of 223 million euros in the 2022 financial year linked to significant impairments on its radiology and professional printing divisions. (‘offset’), affected by both restructuring charges and exceptional items.
In its press release, Agfa-Gevaert specifies that it intends to invest in an innovative technology of hydrogen membranes in order to take advantage of the dynamism of the market and promises an improvement in its profitability in 2023, which did not prevent its title from losing ground. this Wednesday at the Brussels Stock Exchange.
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