Agfa-Gevaert publishes its Regulated information - May 12, 2015 - 7:45 a.m. CET first quarter 2015 results
(Thomson Reuters ONE) -
· Top line drop stopped - Good performance of the growth engines
· Significant improvement in gross profit margin and recurring EBIT
· Strong cash flow generation resulted in historically low net financial
debt
Mortsel (Belgium), May 12, 2015 - Agfa-Gevaert today announced its first quarter
2015 results.
"Our first quarter results show that we are on track to achieve the targets we
recently expressed. Together with the weaker Euro, the good performance of our
growth engines allowed us to stop the downward top line trend. This strengthens
our belief that - supported by cautiously targeted acquisitions - we will
succeed in growing our revenue to 3 billion Euro in the medium term. Our gross
profit margin and our recurring EBITDA improved significantly compared to last
year's first quarter. We are confident that we will be able to deliver a
recurring EBITDA percentage close to 10 percent of revenue in 2015. I am also
pleased to be able to report a positive net result for the sixth quarter in a
row. This achievement proves that our efforts to keep our restructuring and
operational costs under control are leading to a sustainable improvement of our
profitability. The strong cash flow generation resulted in a further decrease of
our net debt," said Christian Reinaudo, President and CEO of the Agfa-Gevaert
Group.
Agfa-Gevaert Group - first quarter 2015
+-----------------------------------------------------------------------------+
| in million Euro Q1 2014 Q1 2015 % change |
+-----------------------------------------------------------------------------+
| Revenue 622 622 0.0% |
| |
| Gross profit (*) 182 197 8.2% |
| |
| % of revenue 29.3% 31.7% |
| |
| Recurring EBITDA (*) 34 43 26.5% |
| |
| % of revenue 5.5% 6.9% |
| |
| Recurring EBIT (*) 16 28 75.0% |
| |
| % of revenue 2.6% 4.5% |
| |
| Result from operating activities 15 24 60.0% |
| |
| Result for the period 1 3 |
| |
| Net cash from (used in) operating activities 31 53 |
+-----------------------------------------------------------------------------+
(*) before restructuring and non-recurring items
Click here to read full press release:
http://hugin.info/133908/R/1920642/688101.pdf
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Source: Agfa-Gevaert via GlobeNewswire
[HUG#1920642]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2015 - 07:45 Uhr
Sprache: Deutsch
News-ID 392408
Anzahl Zeichen: 4263
contact information:
Town:
Mortsel
Kategorie:
Business News
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