On May 14, 2024, CEO Pascal Juery candidly addressed the investors, depicting initial hurdles but maintaining optimism for the forthcoming periods. He stated, "At the end of this first semester, we'll be in rolling mode again in terms of order intake. It's just a phasing issue. And actually if anything, I would say we have good momentum today in the market and I'll come back to that in a minute."The Healthcare IT sector, typically a strong performer for Agfa-Gevaert, experienced deceleration during the quarter. However, Juery expressed expectations of recovery, citing good market momentum and anticipation of improved order intake.The Digital Print & Chemicals (DPC) sector had a slower-than-anticipated start to the year due to customers' recalibrating investment decisions and ongoing product portfolio renewal. Growth is expected to pick up in future quarters.The Radiology sector faced a convergence of challenges, including declining volumes and manufacturing quality concerns, which Juery described as a "perfect storm." However, a return to normalcy is anticipated by the second quarter.Despite these challenges, Agfa-Gevaert's ventures into HealthCare IT, ZIRFON for hydrogen infrastructure solutions, and Digital Print Solutions are pivotal for revitalization and expansion. The Digital Print Solutions division saw a 6% revenue uptick, indicating sustained growth and market penetration.Significant investments and ambitious plans are in place across key divisions. ZIRFON is set to ramp up production capacity by 2025 to cater to the hydrogen market, with financing strategies like leasing under consideration. Agfa HealthCare IT is enhancing its cloud services offerings, while partnerships like the one with EFI for Digital Print Solutions are expected to propel growth and solidify market position.Agfa-Gevaert's commitment to sustainability, with a goal of reducing emissions by 62% by 2030, underscores a balance between ambition and environmental responsibility.While navigating turbulence, Agfa-Gevaert showcases resilience and adaptability, dedicating itself to sustainable growth and industry leadership through strategic maneuvers and innovations, as acknowledged by Juery during the earnings call.

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