Sub-Total: $0.00
Agfa Q3 prepares company for transition to EFI
12 November 2026
Agfa has separated the results for its Digital Printing Solutions business as it prepares for the division to be combined with EFI, forming a new industry player with sales of around €540m (AUD$877m).
In its Q3 results Agfa has reported on its digital printing wing as ‘discontinued operations’ due to the planned merger of the unit with EFI, announced earlier this year.
Pascal Juéry, Agfa President and CEO says: “Q3 marks a significant milestone in our transformation journey. The announced combination of our Digital Printing Solutions business with EFI underscores our long-term commitment to digital printing and our confidence in the industry’s future. By creating a stronger company with greater scale, broader market access, and enhanced innovation capabilities, we are positioning the business for its next phase of accelerated growth while preserving meaningful value creation opportunities for Agfa’s stakeholders.”
The Q3 report showed that Agfa’s ink sales were up 12% year-on-year, but overall sales for Digital Printing Solutions (DPS) fell by 10.2% in the quarter ended 30 September to €42m (AUD$68m). However, adjusted EBITDA in Q3 was up 19.2% at €2m (AUD$3.25m). Sales for the first nine months at DPS were effectively flat at €133m (AUD$216m), with adjusted EBITDA improving to €4.9m (AUD$7.95m) from a €1.1m (AUD$1.8m) loss.
Agfa also explained that ‘a minor portion’ of its Film and Chemicals wing will also transfer to the new company.
For the full year, DPS is expected to deliver ‘higher revenue and profitability, based on higher ink sales and growing momentum for larger sign and display solutions’. The combination with EFI is expected to yield up to AUD$80m in potential synergies, with the majority expected within the first two years.
The Belgium-headquartered group has also changed its segment reporting structure going forward, forming a new division: Imaging and Advanced Materials. This includes the Green Hydrogen Solutions business together with Film and Chemicals, and Digital Radiology Solutions.
Agfa will own 40% of the newco, while EFI owner Siri will own 60%. Subject to the closing of the transaction, Siris will also acquire Active Ownership’s 19.1% stake in Agfa.
