Agfa-Gevaert - Q3 23 results
Agfa published its Q3 23 results which were overall disappointing. The positive point is Healthcare IT showing an improvement in profitability with adj. EBIT coming in above CSS and DPe For the rest, revenues came in below CSS and estimates in all divisions, except DCP, which was in line. Profitability in Radiology came in well below CSS and DPe, with management expecting a weak performance in Q4. DPC is back to breakeven although still below CSS and expectations. The good news is that Zirfon started to contribute to profitability, although we do not know to what extent We will reviewAgfa-Gevaert develops, produces and distributes various analog and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications. Co.'s operations can be divided into three business segments: Agfa Graphics, which provides integrated prepress products and services to the printing industry; Agfa HealthCare, which provides diagnostic imaging and healthcare IT products for hospitals and care centers around the world; and Agfa Specialty Products, which supplies a variety of film-based products to business- to-business customers outside the graphic and healthcare markets.
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