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.