Agfa profits dip

Agfa has published its Q3 figures for 2013, which show a drop in revenues of 10.1 percent, with a corresponding drop in profits of 8.1 percent, though there was a slight improvement in gross profit margin.
Agfa has blamed this on exchange rates and the generally weak economic conditions as well as further rationalisation of its product portfolio. Christian Reinaudo, President and CEO of the Agfa-Gevaert Group, explained: “In addition, analog film revenue was much lower than in the third quarter of last year, when the analog businesses performed exceptionally strong, recovering from a weak period in 2011 and in the first months of 2012.”
However, there was good news from Agfa’s industrial inkjet division, which crossed the break-even point. But the computer to film business has declines, though computer to plate volumes have remained stable. The graphics division saw a drop in revenue of 12.5 percent this quarter, against the same period of last year.
Overall, the Group posted a net loss of €6 million, versus a restated (according to IAS 19R) net result of €2 million in the third quarter of 2012.


Posted

in

by

Tags:

Syndicate content

You can license the articles from Printing and Manufacturing Journal to reproduce in other publications. I generally charge around £150 per article but I’m open to discussing this for each title, particularly for publishers that want to use multiple stories. I can provide high res versions of images for print publications.

I’m used to working with overseas publishers and am registered for VAT with the UK’s HMRC tax authority but obviously won’t charge VAT to companies outside the UK. You can find further details and a licensing form from this page, or just contact me directly here.

Support this site

If you find the stories here useful then please consider making a donation to help fund Printing and Manufacturing Journal, either as a one-off or a repeat payment. Journalism is only really useful if it’s truly independent and this is the only such news source serving the print/ manufacturing sectors.

However, there are costs involved in travelling to cover events, as well as maintaining this site, not to mention the time that it takes to carry out research, check facts and interview people. So if you value this work, then please help to maintain it and keep it free to read.

Subscribe

Never miss a story – subscribe to Printing and Manufacturing Journal to receive an email notification every time an article is published here. It’s completely free of charge and you can cancel the subscription at any point without any hassle. There’s no need to provide any information other than an email address and subscribers details are not for sale so there’s no risk of any further marketing spam.

Related stories

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *