08.27.15
Agfa-Gevaert announced its second quarter 2015 results.
Continuing the trend of the previous quarters, the Agfa-Gevaert Group’s revenue grew by 6.1% to €691 million. The top line growth was supported by the good performances of the Group’s growth engines (including the Agfa Graphics business group’s inkjet business and the Agfa HealthCare business group’s Direct Radiography and IT solutions), as well as by positive currency effects.
Targeted efficiency programs allowed the Group to improve its gross profit margin to 33.1% of revenue, compared to 31.8% in the second quarter of 2014 and 31.7% in the first quarter of 2015.
“I am very pleased to see that the positive signs we saw in the first three months of the year were confirmed in the second quarter,” said Christian Reinaudo, president and CEO of the Agfa-Gevaert Group. “Based on the strong performances of our main growth engines and helped by the weaker euro, we were able to post significant revenue growth. I trust that in the medium term a revenue of €3 billion is achievable. Largely due to our successful efficiency programs, we were able to bring our gross profit margin above 33% of revenue for the first time in five years. It is also clear that we are well on our way to achieving a recurring EBITDA percentage close to 10% of revenue in 2015.”
In the field of inkjet, the ink portfolio for industrial applications and the new Jeti Mira and Jeti Tauro wide format print engines started to contribute to the business group’s top line.
Continuing the trend of the previous quarters, the Agfa-Gevaert Group’s revenue grew by 6.1% to €691 million. The top line growth was supported by the good performances of the Group’s growth engines (including the Agfa Graphics business group’s inkjet business and the Agfa HealthCare business group’s Direct Radiography and IT solutions), as well as by positive currency effects.
Targeted efficiency programs allowed the Group to improve its gross profit margin to 33.1% of revenue, compared to 31.8% in the second quarter of 2014 and 31.7% in the first quarter of 2015.
“I am very pleased to see that the positive signs we saw in the first three months of the year were confirmed in the second quarter,” said Christian Reinaudo, president and CEO of the Agfa-Gevaert Group. “Based on the strong performances of our main growth engines and helped by the weaker euro, we were able to post significant revenue growth. I trust that in the medium term a revenue of €3 billion is achievable. Largely due to our successful efficiency programs, we were able to bring our gross profit margin above 33% of revenue for the first time in five years. It is also clear that we are well on our way to achieving a recurring EBITDA percentage close to 10% of revenue in 2015.”
In the field of inkjet, the ink portfolio for industrial applications and the new Jeti Mira and Jeti Tauro wide format print engines started to contribute to the business group’s top line.