Agfa FIRST LOOK: First signs of repositioning of its future-oriented activities
In FY23, the growth engines of Agfa more than compensated for the decline of the traditional film activities, which were under pressure from challenging economic conditions (including adverse currency effects and the weakening economy in China) and geopolitical circumstances.We welcome that FY23 Agfa's growth engines performed well. Agfa indicated it has made strong progress in all of its growth engines, with the launch of its HealthCare IT cloud and web streaming activities, its strategic partnership with EFI and a of innovative product introductions, including Agfa's SpeedSet single-pass packaging printer. Furthermore, Agfa's Zirfon membrane business grew exponentially and started to contribute to its profitability in the course of FY23. Agfa indicated this validates the repositioning of Agfa in these future-oriented activities.
Agfa-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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