Agfa Graphics announced today that it intends to acquire the prepress business of the privately-owned Spanish printing plate supplier Ipagsa Industrial S.L.

, Agfa Graphics announced that it intends to close its factory in Branchburg (New Jersey, USA) - one of its six production sites for printing plates worldwide. This plant produces lithographic aluminum printing plates for offset presses. In recent years, market demand for these products has slightly decreased in Europe and the USA. In other regions, such as Asia, demand increased.

Effective today, Agfa Corporation (USA) announces the sale of its Duratex® Media business of wide and grand format substrates to Grimco Inc., a leading national supplier of wholesale sign supplies, substrates and sign printing equipment.

Agfa today announced that, given the strong increase in demand, the Board of Directors validated the investment for a new industrial unit for the company’s Zirfon membranes for green hydrogen production, next to further investments in growing the current facility.

Within the framework of its ongoing transformation process, the Agfa-Gevaert Group has signed a share purchase agreement with AURELIUS Group for the sale of its Offset Solutions division.

As announced on December 2, 2019, the Board of Directors of the Agfa-Gevaert Group decided to enter into exclusive negotiations with Dedalus Holding S.p.A. to sell a part of Agfa HealthCare’s IT business (the “Business”). Today, both parties announce that they have signed the share purchase agreement, under which Dedalus S.p.A. would acquire 100% of the Business at an enterprise value of 975 million Euro, subject to regular working capital and net debt adjustments.

The Agfa-Gevaert Group announced today that it has closed the acquisition of Inca Digital Printers, which was announced on April 20. This acquisition is an important step towards the achievement of Agfa’s ambitious growth targets and strengthens the Group’s position in the sign & display and industrial printing markets.

As announced on May 14, 2019, the Board of Directors decided to investigate the sale of a part of Agfa HealthCare in the framework of the Agfa-Gevaert Group’s transformation process.

Agfa HealthCare’s state-of-the-art Imaging IT software business is not included in the sale and continues to be a key business for the Agfa-Gevaert Group

The Agfa-Gevaert Group today announced a share buyback program with a volume of up to 50 million Euro.

Full year

·Successful sale of part of the HealthCare IT activities - pension funding and de-risking actions well on track

·Imaging IT business doubled its adjusted EBITDA

·Strong performance of other growth engines, including Direct Radiography, inkjet consumables and specialty chemicals

Strong COVID-19 impact on offset, printing equipment and various film-related activities - gradual recovery for most activities in second half of the year
Cost reduction program delivered significant benefit to mitigate top line decline
Disciplined working capital management with close to 100 million Euro reduction

· Top line decline of 4.8%, excluding currency effects and the impact of portfolio rationalizations

· Strong performance of Inkjet, HealthCare Information Solutions and certain Specialty Products ranges
· Recurring EBITDA at 35 million Euro
· Net loss at minus 5 million Euro
· Net financial debt at 99 million Euro