by: WhatTheyThink.com

The Agfa-Gevaert Group's revenue remained almost stable compared to the first quarter of 2011. In the traditional film businesses, volumes still decreased year-on-year, but the recent trend is improving.

The Group's gross profit margin recovered quarter-on-quarter. The year-on-year decrease is mainly the result of the high raw material prices and the volume decline in the traditional film business. The gross profit margin amounted to 28.3 percent, versus 31.4 percent in the first quarter of 2011.