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Agfa-Gevaert NV (AFGVF) CEO Pascal Juery on Q4 2019 Results - Earnings Call Transcript

Mar. 11, 2020 10:45 AM ETAgfa-Gevaert NV (AFGVF)
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Agfa-Gevaert NV (OTCPK:AFGVF) Q4 2019 Results Earnings Conference Call March 11, 2020 6:00 AM ET

Company Participants

Pascal Juery - CEO

Dirk De Man - CFO

Luc Thijs - President, Agfa Healthcare

Stefaan Vanhooren - President, Agfa Graphics

Conference Call Participants

Maxime Stranart - ING Bank

Guy Sips - KBC Securities


Thank you for standing by, and welcome to Full Year 2019 Earnings Call. At this time, all participants are in a listen-only mode until the question-and-answer session. [Operator Instructions]

This call is being recorded. If you have any objections, you may disconnect at this point.

Now we’ll turn the meeting over to your host, Pascal Juery, CEO of Agfa. Please go ahead.

Pascal Juery

Hello, everyone. My name is Pascal Juery. I’ve joined Agfa since a few weeks now, and I’m thrilled to be part of this great company, and this is my first earnings call. And I will walk you through the Agfa 2019 full year results. I‘m going to kick off by reviewing maybe the key strategic highlights for the company.

So the first item I’d like to stress is really that we are on track to close the sale of the Healthcare IT business. We have cleared now all regulatory and social hurdles on this deal. And as I speak, we are in the last weeks of creating the carve-out of the new company, and we will close the sale in the course of the second quarter.

Second item I’d like to share with you is we are refocusing to our core business. One illustration is the fact that we have terminated a reselling business in the U.S. in the Digital Print & Chemical division to refocus in really what we produce ourselves, meaning, equipment, software, service and inks. And at the same time, in order to prepare the separation of the Medical Imaging IT

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