Agfa results boosted by payout, plans new structure for next year

The payment – EUR 38-million plus interest – relates to the 2004 sale of the AgfaPhoto business, which subsequently went into administration in May 2005. 

The International Court of Arbitration in Paris found in Agfa’s favour last month.

Separately, Agfa is still awaiting a decision regarding the EUR 25-million outstanding receivable from Aurelius following the 2023 sale of its Offset Solutions wing, now ECO3.

EUR 6-million of that figure is undisputed, but the situation is pending the completion of a review by an independent expert that began in September 2024.

In Q2 2025 Agfa’s group revenue slipped by 1.6% to EUR 281-million, and was down 2.4% for the half-year at EUR 523-million.

The net profit for Q2 was EUR 30-million, “strongly influenced” by the AgfaPhoto arbitration award.

Agfa’s Digital Print & Chemicals division grew sales by 6.1% to EUR 118-million, “mainly driven by Specialty Films & Chemicals”, while softer market conditions impacted the Digital Printing Solutions and Green Hydrogen businesses. Adjusted Q2 EBITDA at the wing slipped from EUR 11.6-million to EUR 10-million.

Agfa president and CEO Pascal Juery said: “Our HealthCare IT division delivered a strong performance in the second quarter, driven by the successful execution of our cloud-based strategy. This approach is clearly yielding results, reflected in solid top-line growth and significant improvements in profitability. In contrast, the growth engines of our Digital Print & Chemicals division encountered headwinds due to ongoing economic uncertainty, which led to slower market conditions. Additionally, the continued sharp decline in medical film markets had a notable impact on both our top and bottom line.”

He said he was pleased to report the resolution of the long-standing AgfaPhoto legal chapter, and the resulting positive effect on the Q2 net result.

“We also strengthened our financial foundation by securing a new revolving credit facility with a consortium of four financial institutions – an endorsement of the confidence our financial partners place in our company,” he added.

Agfa has also announced that it will report under a new structure from the start of its new financial year in January.

(Source: PrintWeek.com)