Agfa grows inkjet sales in Q2

Sales at Agfa’s Digital Print & Chemicals wing were up nearly 6% in Q2, with the business gearing up for commercial availability of its SpeedSet B1 inkjet press next year.

01 Sep 2023 | By PrintWeek Team

Agfa president and CEO Pascal Juéry

In Q2 sales at the division rose 5.8%, or 7.6% excluding currency effects, to Euros 104-m. For the half-year sales rose 13.1% to Euros 200-m, while adjusted EBITA increased by 11.2% to Euros 9.2-m.

DP&C benefited from “price increases and strong demand for inks”, with sales for sign and display products continuing to grow as well as at the Inca business acquired 14 months ago.

Agfa claims ink savings of up to 30% are possible using its Onset 560 ink set. The firm said it was ahead with its plans to switch Inca users over to Agfa ink, with around 10 engines actively running Agfa inks currently “and the number will increase rapidly”.

During the period the group sold its second InterioJet water-based industrial inkjet printer, with the device purchased by Belgian décor paper specialist Chiyoda.

However, profitability at DP&C in Q2 was impacted by weakness, particularly in China, in the electronics industry for products used in the production of printed circuit boards, and by manufacturing inefficiencies for industrial film.

The DP&C division includes Agfa’s Zirfon membranes for green hydrogen production.

Agfa president and CEO Pascal Juéry commented: “Whereas the macroeconomic and geopolitical conditions remained tough for several of our traditional activities, we booked significant revenue growth for our growth engines in healthcare, IT and digital print. In terms of new business creation, we are on track with the development of the SpeedSet 1060 single-pass packaging printer. When introduced to the market in 2024, it will be the fastest printer in its category.”

Agfa is planning a customer unveiling event for the 11,000sph, single-pass SpeedSet 1060 later this year.

“Furthermore, as more and more large green hydrogen projects are being implemented, sales for our industry-leading Zirfon membranes are growing exponentially,” Juéry added.

Agfa’s project to build a new industrial unit for Zirfon membranes at its Mortsel site in Belgium has been selected for an EU Innovation Fund Grant.

(Source: PrintWeek)

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