Agfa-Gevaert 2004 financial results

10 March, 2005

Mortsel, Belgium. Agfa-Gevaert recorded sales in 2004 of 3,762 million Euros, a decrease of 10.7 percent compared to 2003. The net result amounted to minus 143 million Euros.

Turnover and results were heavily affected by the divestiture of Consumer Imaging for which an exceptional non-cash pre-tax loss of 430 million Euros was recorded. By refocusing on two strong businesses, Graphic Systems and HealthCare, Agfa has increased its growth profile and has become less cyclical and more profitable.

The trading environment of Agfa's continuing two business groups showed considerable improvement after a weak start of the year, resulting in particularly strong sales and performance in the last quarter of 2004.

See the full 2004 financial statement.


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