Agfa-Gevaert NV Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 24, 2022 at 01:45 am EDT
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Agfa-Gevaert NV reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 469 million compared to EUR 441 million a year ago. Net loss was EUR 17 million compared to net income of EUR 15 million a year ago. Basic loss per share from continuing operations was EUR 0.11 compared to basic earnings per share from continuing operations of EUR 0.09 a year ago.
For the six months, sales was EUR 893 million compared to EUR 836 million a year ago. Net loss was EUR 21 million compared to net income of EUR 10 million a year ago. Basic loss per share from continuing operations was EUR 0.13 compared to basic earnings per share from continuing operations of EUR 0.06 a year ago.
Agfa-Gevaert NV is one of the world leaders in the design, manufacturing, and marketing of imaging systems and products. Net sales break down by sector of activity as follows:
- Radiology solutions (36.9%). Agfa-Gevaert NV supplies radiology departments of hospitals all over the world with traditional X-ray film, hardcopy film and printers, digital radiography equipment and image processing software. Agfa's roots are in traditional medical imaging, but in today's healthcare market, digital radiography has become the dominant technology. All Agfa's digital radiography systems are offered with the company's leading MUSICA image processing software and its MUSICA workstation for image identification, acquisition and quality control;
- Digital Print & Chemicals (35.6%). Agfa-Gevaert NV supplies sign & display printing companies with a range of highly productive and versatile wide-format inkjet printers and dedicated inks, in addition to workflow software, cutting machines and inkjet media. Agfa produces classic film-based products, such as film for non-destructive testing and aerial photography, as well as microfilm and film for the production of printed circuit boards;
- HealthCare IT (21.6%). Agfa-Gevaert NV offers Imaging IT Solutions (The Enterprise Imaging platform creates a true imaging record for every patient, containing all possible images of the patient, regardless of the department and the facility that created them), Hospital IT Solutions (the leading Hospital Information System /Clinical Information System ORBIS, connects medical departments and administrative departments of hospitals into one virtual network), and Integrated Care Solutions (these solutions support collaboration across the borders of care organizations and medical disciplines and enable hospitals to actively engage with all stakeholders in the expanded care process, including physicians, informal care-givers and patients) ;
- Offset solutions (5.9%). Agfa-Gevaert NV is a leading supplier to the printing industry, offering innovative and reliable solutions. Commercial, newspaper and packaging printers around the globe rely on Agfa for the most extensive range of integrated solutions, from computer-to-plate systems with digital offset plates over color management and workflow optimization software to pressroom chemicals.
AGFA-GEVAERT NV 
