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Agfa-Gevaert NV (AFGVY) Q1 2026 Earnings Call Transcript
2026-05-12 · via All Articles on Seeking Alpha

Agfa-Gevaert NV (AFGVY) Q1 2026 Earnings Call May 12, 2026 3:30 AM EDT

Company Participants

Pascal Juery - President, CEO, President of Radiology Solutions & Director
Fiona Lam - Chief Financial Officer
Jorge Tomas - President of Green Hydrogen Solutions

Conference Call Participants

Alexander Craeymeersch - Kepler Cheuvreux, Research Division
Guy Sips - KBC Securities NV, Research Division

Presentation

Operator

Ladies and gentlemen, welcome to the Agfa First Quarter 2026 Results Conference Call. [Operator Instructions]

Now I will hand the conference over to Pascal Juery, CEO. Please go ahead, sir.

Pascal Juery
President, CEO, President of Radiology Solutions & Director

Good morning, everyone, and welcome to the Agfa call. I'm sitting here in Mortsel with Fiona Lam, our CFO; Viviane Dictus, Head of Investor Relations; and the executive team of Agfa.

So first quarter, let me move the slide. So I'm going to briefly give the highlights, then pass on the mic to Fiona for the financial review. I will do the business review and the outlook. So first, highlights, well, clearly, Q1 for me is a robust performance in [ positive ] top line coming from pricing film area and volume impact in Digital Printing, the rest of the group being slightly below last year.

Strong EBITDA increase year-on-year. Last year was a relatively weak quarter for us. It reflects our ability to implement efficiently our saving programs. You will see it throughout this presentation and as well the ability to pass on the silver price impact to our customers in the film activities. As you know, we've been seeing a tremendous increase of silver, I would say, since 1.5 years with price having almost quadrupled in the same period.

And these results show our ability to navigate these market circumstances with efficiency. Saving programs that we have launched last year, I'm