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    AGFB   BE0003755692

AGFA-GEVAERT NV

(AGFB)
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Real-time Quote. Real-time Euronext Bruxelles - 11/30 11:35:24 am
3.55 EUR   +1.87%
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11/29AGFA-GEVAERT : Share buyback program – regulated information
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11/16Agfa - Share buyback program - regulated information
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Agfa Gevaert : to increase offset printing plate prices

10/15/2021 | 02:02am EST

For the third time in less than ten months, Agfa will increase the price of its offset printing plates and chemicals.

Raw material shortage remains an ongoing concern and the competitive environment to secure aluminum and other raw materials has accelerated the cost increase. Recently, aluminum futures traded to a 30-year high on the London Metal Exchange, reporting now at over double the cost of 18 months ago.

In addition to the raw material cost pressure, logistics and operational costs have soared, as the economic recovery drives demand for these.

"Initially, we were hoping the inflationary pressure would be of a temporary nature, but the issues with global supplies of crucial raw materials have not shown any signs of stabilization. They are likely to stay at these levels in 2022. Agfa will be reviewing the need for further pricing actions on a quarterly basis", says Frederik Dehing, VP Global Sales.

As used aluminum offset plates are being recycled, the price increases will to a large extent be compensated for by the increased value printers will get from their scrap aluminum.

The specific - but double-digit - price increases will apply from November 1 onwards and will be communicated directly to Agfa's customers.

About Agfa
The Agfa-Gevaert Group is a leading company in imaging technology and IT solutions with over 150 years of experience. The Group holds four divisions: Radiology Solutions, HealthCare IT, Digital Print & Chemicals and Offset Solutions. They develop, manufacture and market analogue and digital systems for the healthcare sector, for specific industrial applications and for the printing industry. In 2020, the Group realized a turnover of 1,709 million Euro.

Contact:
Viviane Dictus
Director Corporate Communications
tel. ++32 0 3 444 7124
e-mail: viviane.dictus@agfa.com

Disclaimer

Agfa Gevaert NV published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 06:01:07 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 759 M 1 994 M 1 994 M
Net income 2021 -19,3 M -21,9 M -21,9 M
Net Debt 2021 485 M 550 M 550 M
P/E ratio 2021 -29,6x
Yield 2021 -
Capitalization 575 M 648 M 652 M
EV / Sales 2021 0,60x
EV / Sales 2022 0,58x
Nbr of Employees 7 457
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 3,55 €
Average target price 4,20 €
Spread / Average Target 18,3%
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Managers and Directors
Pascal Juéry Chief Executive Officer
Dirk de Man Chief Financial Officer
Frank Aranzana Chairman
Wilfried van Lishout Secretary
Hilde Laga Independent Non-Executive Director
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