Agfa-Gevaert NV (AFGVF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the ACFA Q3 2025 results conference call hosted by Pascal Jouery, CEO, and Fiona Lam, CFO. Please note this conference is being recorded and that for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions after the presentation. This can be done by pressing star 1 on your telephone keypad to register your questions. If you require assistance at any point, please press star zero and you'll be connected to an operator. I will now hand you over to Pascal Jouery to begin today's conference. Thank you. Good morning, everyone, and thank you for attending our call. I'm sitting here in Morsel with indeed Fiona Lam and Vivian Dictus for investor relations and some of the executive team. So what are the headlines of Q3? Well, first, a very difficult situation for medical film with a very strong decrease that calls for more cost actions from our side, which we are taking, and I will explain in more details. But that's the main highlight for the results of this quarter. Point number two, healthcare IT, actually the good news is we are seeing an accelerated shift to the cloud and to SaaS business model. The flip side is it's impacting our short-term results, and I will explain why and how this is the case. But overall, this is good news because in doing so, we continue to see a very good dynamic of order intake and mainly We are able to win net new customers in healthcare IT. And three, DPC is, I would say, slightly above last year overall. So here I would say rather steady performance in a market backdrop that is not fully favorable. Pleased with the cash flow performance. performance of the group Q3, and it's not only about Agfa Photo, it's also due to the fact that we are managing working capita...