Report
Guy Sips

Agfa FIRST LOOK : Strategic agreement with BHS Corrugated & Preview

Agfa has entered into a strategic commercial agreement with BHS Corrugated, a leading supplier in the corrugated industry and OEM of single-pass inkjet print systems. Under this agreement, Agfa will exclusively supply the printing engines for the BHS Jetliner Xceed and BHS Jetliner Monochrome to BHS Corrugated and become a certified ink supplier.
We also provide our forecasts for 4Q and FY24 results that are expected Wednesday. Between REBIT and EBIT we expect € 50m restructuring costs in 4Q (resulting in € 60m for FY24) related to the announced reorganisation in the film business. As a result we bank on €-71.8m net loss for FY24.
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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