Agfa blamed the decline in its revenue, which fell 8% from £291m (€424m) last year to £267m, on the discontinuation of some of its unprofitable analogue consumables.
Similarly, Kodak GCG attributed its fall in sales, down 1% to £437m, to volume declines in its traditional pre-press products and an unfavourable price mix in its digital printing and enterprise divisions.
Both firms reported progress in their cost-saving initiatives. Agfa’s plan to reduce costs by £171m annually showed its first results in the form of a £10m drop in group sales and general administration costs, while Kodak posted a similar decrease in costs for its GCG arm.
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