Agfa has released its financial results for the third quarter of this year. Revenue for the group fell 7.7 percent to €636 million, which Agfa attributed to the overall economic weakness and the unstable political situation in certain regions.
However, profits rose 2.1 percent to €196 million. The recurring Earnings Before Income Tax, or EBIT, rose 30.8 percent to €34 million suggesting that Agfa’s efforts to improve its overall efficiency have been successful.
The Graphics division saw a 10.1 percent drop in revenue to €328 million though the recurring EBIT rose 2.1 percent to €14.7 million. In the prepress segment, the analog business continued to decline strongly, while the digital computer-to-plate (CtP) business suffered from competitive pressure. Although to a lesser extent than the prepress segment, the inkjet segment also suffered from the global weak economy. The gross profit margin improved from 25.8 percent in the third quarter of 2013 to 28.4 percent.