Q3 2020 AGFA Gevaert NV Earnings Call Transcript
Hello and welcome to the Agfa Q3 2020 Results Publication Call. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions).
I will now hand you over to your host, Pascal Juery, CEO, to begin today's call. Thank you.
Thank you very much and good morning to everyone and welcome to the Q3 2020 results of Agfa-Gevaert.
Well, obviously, Q3 was a quarter where we had a strong impact of the COVID-19 pandemia. The shortfall versus last year in terms of EBITDA and EBIT is mainly coming from the offset activity, which, as you know, has been challenged already in the past quarters but for which we have seen further deterioration. And the structural measure that we have taken are not yet showing in Q3 but will definitely show in Q4. So the main reason for the weak results of Q3 is really offset.
Then our medical film business has suffered also in volume. I think the impact was a bit later in
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