(News Bulletin 247) – Agfa-Gevaert reported on Tuesday a net loss of 66 million euros for the first quarter after taking into account the impact of the sale of its professional printing division ( ‘offset’).
The Belgian industrial group, which finalized the operation last month, said it was otherwise “satisfied” with its performance in the first three months of the year, particularly with regard to its main growth drivers in digital printing. and chemistry.
Agfa, once known for its photography and VHS businesses, has again highlighted the potential of its Zirfon membrane technology for the production of green hydrogen, a business whose first-quarter sales have already exceeded that achieved in 2022.
In total, its quarterly turnover increased by 7.2% to 270 million euros for an adjusted Ebitda which almost doubled, to 13 million euros.
In its press release, the group reiterated its objective of a recovery in its profitability during the 2023 financial year compared to 2022, a forecast which was welcomed without the Brussels Stock Exchange, where the title dropped 3.4% to midday.
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