Agfa-Gevaert: stock battered after Q2 results

(CercleFinance.com) - The Agfa-Gevaert share is in a spin on Wednesday, down almost 7% in Brussels, after the group reported Q2 adjusted operating profit that was almost halved (-46%) at 16 million euros, meaning a margin that is down 1.
9 point at 3.8%.

The Belgian digital imaging group saw its gross margin decline by 1.6% to 30.2%, on revenues of 397 million euros, down 20.2%, excluding the effects of the sale of part of its IT healthcare business, which was finalised in May.

"Today's situation does not allow the Group to assess a quantified impact of the COVID-19 pandemic on its 2020 financial performance and to provide a full year outlook for 2020," the group said.


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