Scienza e Tecnologia
The Agfa-Gevaert Group in full year 2022 - regulated information
Regulated information – March 8 , 20 2 3 - 7:45 a.m. CET
The Agfa-Gevaert Group in full year 2022:
Mortsel (Belgium), March 8 , 20 2 3 – Agfa-Gevaert today commented on its results in 202 2 .
(*) before restructuring and non-recurring items
“2022 has been a year of unprecedented economic and geopolitical instability. Cost inflation, supply chain disruptions and COVID lockdowns in China impacted our activities.Especially in these turbulent times, we continued to execute our strategic agenda. Given the expected strong increase in demand, the Board of Directors yesterday validated an investment in a new production facility for our Zirfon green hydrogen membranes in our Belgian site in Mortsel. We finalized the acquisition of Inca Digital Printers, which strengthens our position in high-speed digital printing and speeds up our entry in digital packaging printing. In HealthCare IT, we stepped up investments in R&D and commercial resources and we established a new management team, focusing on the core North American markets. The sale of our Offset Solutions division to Aurelius Group, which is expected to close early April, should enable us to increase the focus on our growth businesses. In our efforts to build a simple, agile and future-oriented organizational model, we re-organized our internal financial services and partnered with Atos for our internal IT operations. Our 2023 priorities are the implementation of further price increases across our businesses, the reduction of costs related to our operating model initiatives, and to deliver growth in HealthCare IT, Zirfon and digital printing,” said Pascal Juéry, President and CEO of the Agfa-Gevaert Group.
Agfa-Gevaert Group
(*) before restructuring and non-recurring items
Full year
Fourth quarter
Financial position and cash flow
Outloo k
Overall, the Agfa-Gevaert Group expects a recovery in profitability in the full year 2023 versus 2022.
2023 outlook per division:
HealthCare IT
(*) before restructuring and non-recurring items
Full year
Fourth quarter
Radiology Solutions
(*) before restructuring and non-recurring items
Full year
Fourth quarter
Digital Print & Chemicals
(*) before restructuring and non-recurring items
Full year
Fourth quarter
Offset Solutions
(*) before restructuring and non-recurring items
Full year
Fourth quarter
End of message
Management Certification of Financial Statements and Quarterly Report
This statement is made in order to comply with new European transparency regulation enforced by the Belgian Royal Decree of November 14, 2007 and in effect as of 2008.
"The Board of Directors and the Executive Committee of Agfa-Gevaert NV, represented by Mr. Frank Aranzana, Chairman of the Board of Directors, Mr. Pascal Juéry, President and CEO, and Mr. Dirk De Man, CFO, jointly certify that, to the best of their knowledge, the consolidated financial statements included in the report and based on the relevant accounting standards, fairly present in all material respects the financial condition and results of Agfa-Gevaert NV, including its consolidated subsidiaries. Based on our knowledge, the report includes all information that is required to be included in such document and does not omit to state all necessary material facts.”
Statement of risk
This statement is made in order to comply with new European transparency regulation enforced by the Belgian Royal Decree of November 14, 2007 and in effect as of 2008.
"As with any company, Agfa is continually confronted with – but not exclusively – a number of market and competition risks or more specific risks related to the cost of raw materials, product liability, environmental matters, proprietary technology or litigation."
Key risk management data is provided in the annual report available on www.agfa.com.
Confirmation Information – press release Agfa-Gevaert NV
The statutory auditor, KPMG Bedrijfsrevisoren – Réviseurs d'Entreprises, represented by F. Poesen, has confirmed that the audit procedures, which have been substantially completed, have not revealed any material misstatement in the accounting information included in the Company's annual announcement.
Berchem, March 8, 2023
KPMG Bedrijfsrevisoren / Réviseurs d'Entreprises
Represented by
F. Poesen, Partner
Contact:
Viviane Dictus
Director Corporate Communication
Septestraat 27
2640 Mortsel - Belgium
T +32 (0) 3 444 71 24
E viviane.dictus@agfa.com
The full press release and financial information is also available on the company's website: www.agfa.com.
Consolidated Statement of Profit or Loss (in million Euro)
Consolidated figures following IFRS accounting policies.
Consolidated Statements of Comprehensive Income for the year ending
December 20 21 /
December 202 2 (in million Euro)
Consolidated figures following IFRS accounting policies.
Consolidated Statements of Comprehensive Income for the quarter ending
December 20 2 1 /
December 202 2 (in million Euro)
Consolidated figures following IFRS accounting policies.
Consolidated Statement of Financial Position
(in million Euro)
Consolidated figures following IFRS accounting policies.
Consolidated Statement of Cash Flows (in million Euro)
Consolidated figures following IFRS accounting policies.
Consolidated Statement of changes in Equity (in million Euro)
Consolidated figures following IFRS accounting policies.
Attachments
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