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Tuesday, May 11, 2021 Agfa has reported encouraging results for “most” of its activities in Q1 as cost reductions and price increases begin to bear fruit. Agfa: solid performance from "growth engines" The Q1 period is typically “seasonally weak” for the Belgium-headquartered manufacturer. Overall group sales were down 9% at €396m, while EBITDA fell by 36.3% to €15m.  At Offset Solutions, Agfa’s biggest business unit, sales were down 9.7% year-on-year at €169m, while adjusted EBITDA slumped by nearly 57% to €1.6m.  However, compared with Q4 of 2020, the uni...

Agfa mulls future options for offset business Jo Francis Thursday, March 11, 2021 Agfa boss Pascal Juery is “ready to contemplate” some sort of sale or merger of the group’s offset business in the face of overcapacity, a declining market and the price pressures that are affecting the group and its rivals. Agfa: current pricing levels in the printing industry are not sustainable Juery took over as CEO in February 2020, just as the seriousness of the Covid-19 situation became apparent across global markets.  Three months ago Agfa announced a restructur...

Agfa plans further restructure at offset wing Jo Francis Thursday, January 21, 2021 Agfa intends to further restructure its printing business with plans to make its Offset Solutions wing a separate legal entity and streamline its product range. Agfa: group profitability affected by ongoing issues in the offset printing industry Offset Solutions includes printing plates and film and its last full year results, for 2019, was Agfa’s largest business unit with sales of €843m (£746m), accounting for 38% of sales at the €2.24bn turnover group. Prior to the...

This intended reorganization is part of the strategic transformation program for the Agfa-Gevaert Group,

Agfa has revamped its divisional structure and created three separate divisions for its print-related activities, as the group seeks more partnerships for future growth.