Report
Guy Sips

Agfa FIRST LOOK - Good quarter but focus will be on sale of Offset Solutions situation

Following a seasonally weaker 1Q24, 2Q24 revenues remained stable at 286m (beating our €270 and CSS € 285m) based on the resurgence of sales for the Digital Printing Solutions growth engine. Agfa indicated that the Green Hydrogen Solutions business continued its top line growth, while HealthCare IT sales started to pick up following the weak first quarter. The traditional film activities continued to be under pressure from the weakness in the electronics market and the new central procurement practices and Agfa's related reorganization for medical film in China/
Underlying
Agfa-Gevaert NV

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.

Provider
KBC Securities
KBC Securities

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Analysts
Guy Sips

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