Agfa-Gevaert NV Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 01:45 am EST
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Agfa-Gevaert NV reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 280 million compared to EUR 290 million a year ago. Net loss was EUR 15 million compared to EUR 18 million a year ago. Basic loss per share from continuing operations was EUR 0.08 compared to EUR 0.18 a year ago. Basic loss per share was EUR 0.1 compared to EUR 0.12 a year ago.
For the nine months, sales was EUR 837 million compared to EUR 829 million a year ago. Net loss was EUR 97 million compared to EUR 39 million a year ago. Basic loss per share from continuing operations was EUR 0.32 compared to EUR 0.39 a year ago. Basic loss per share was EUR 0.63 compared to EUR 0.25 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 
