- Group sales increased 0.8 percent (excluding currency effects)
- Net result increased 50 percent to 42 million Euro
- New timeline for demerger
Mortsel (Belgium), July 31, 2007 - Agfa-Gevaert today announced its second quarter results. Group sales increased 0.8 percent (excluding currency effects) to 845 million Euro. Both HealthCare and Specialty Products reported solid sales, while Graphics' sales decreased due to the ongoing decline of analog prepress and the discontinuation of some unprofitable business. The Group succeeded in lowering its sales and general administration costs by 6.2 percent. Due to the significant impact of high raw materials costs, recurring EBIT decreased to 55 million Euro (or 6.5 percent of sales), in comparison with the very strong second quarter in 2006. The Group's net result increased from 28 million Euro to 42 million Euro.
