Agfa Reports Profit Increase on Lower Sales in Third Quarter

MORTSEL, BELGIUM—October 30, 2009—Compared to the third quarter of 2008, Group sales decreased 8.1 percent to 681 million Euro, which indicates that the crisis-driven decline in Agfa-Gevaert's markets is bottoming-out.

The Group's recurring gross profit margin improved from 30.1 percent in the third quarter of 2008 to 32.3 percent. It was positively influenced by efficiency programs, lower raw material prices and certain one-off effects and negatively impacted by manufacturing inefficiencies due to lower use of capacity.