Tuesday 28. July 2009
Agfa-Gevaert reports second quarter results
Market trends in line with previous statements: Group sales decreased in line with the first quarter trend Recurring EBIT at 38 million Euro versus 37 million Euro in the second quarter of 2008 and 28 million Euro in the first quarter of 2009 Operating result (26 million Euro) remained stable versus the second quarter of 2008 Decrease of SG&A costs well ahead of previously announced plans Net result at minus 9 million Euro Net financial debt improved considerably versus the first quarter of 2009 Agreement with banks about the sale of receivables for an amount of 160 million Euro