resilient performance amid market challenges

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Agfa-Gevaert in Q2 2026: resilient performance amid market challenges

Regulated information
August 26, 2026 – 7:45 a.m. CET
        
Agfa-Gevaert in Q2 2026: resilient performance amid market challenges

• • Revenue: top line stable (-0.7% excluding currency impact), driven by silver price uplifts in film and the continued step-up in Digital Printing Solutions

  • Profitability stable: adjusted EBITDA at 14 million euro – savings programs and the progress in Digital Printing Solutions offset the impact of the cloud transition in HealthCare IT and the soft market for Green Hydrogen Solutions

  • Savings programs: at the end of Q2, annualized savings of 61 million euro were realized – cost base is now in line with market evolution

  • Cash flow impact: negative free cash flow of minus 10 million euro in Q2, primarily due to the large transformation related cash-out

• HealthCare IT: strong positioning for growth as the market transitions to SaaS models

  • Cloud transition: continuing shift to SaaS and cloud-based solutions

  • 12 months rolling order intake increased by 27.5% to 192 million euro, versus 151 million euro in Q2 2025. The number of cloud-based orders continued to grow significantly

  • In Q2 2026, cloud technology increased to 51% of total order intake (Q2 2025: 4%)

  • Recurring revenue increased by 4% excluding currency impact, now amounting to 66% of total Q2 revenue – Total top line decreased by 9.5% excluding currency impact to 54 million euro

  • Adjusted EBITDA at 5.3 million euro

• Industrial Solutions: step up in revenue and profitability in Digital Printing Solutions, Green Hydrogen Solutions impacted by unfavorable market conditions

  • 10.8% top line growth excluding currency in Digital Printing Solutions – counterbalanced by market-driven 77% decrease in Green Hydrogen Solutions, which faced soft market conditions

  • Segment adjusted EBITDA decreased from 3.7 million euro to 2.5 million euro due to the volume drop in Green Hydrogen Solutions

• Imaging and Chemicals: slight increase in top line, significant increase in adjusted EBITDA due to savings measures

  • Revenue increased by 2.6% excluding currency impact: volume decrease counterbalanced by film price increases

  • Significant increase in adjusted EBITDA to 8.9 million euro due to savings programs

Mortsel (Belgium), August 26, 2026 – 7:45 a.m. CET – Agfa-Gevaert today commented on its results in the second quarter of 2026.
“During the second quarter, we showed resilience amid challenging market conditions while continuing to advance our strategic transformation. Our savings initiatives and operational discipline are delivering tangible results, while the growing adoption of our cloud-based HealthCare IT solutions reinforces our confidence in the growth potential of the business. Together with the continued expansion of Digital Printing Solutions, these developments highlight the strength of our portfolio. We remain focused on executing our strategy, assessing our options and using all available levers to drive sustainable growth, operational efficiency and enhanced financial flexibility for the Group.” Pascal Juéry, President and CEO of the Agfa-Gevaert Group