May 10 (Reuters) - AGFA Gevaert NV:

* THE AGFA-GEVAERT GROUP’S EBITDA INCREASES BY 22% YEAR-ON-YEAR IN AN EXTRAORDINARY INFLATIONARY CONTEXT

* FREE CASH FLOW IMPACTED BY SEASONALLY INCREASED WORKING CAPITAL, AMPLIFIED BY SUPPLY CHAIN DISRUPTIONS AND COST INFLATION

* EXPECTS FULL IMPACT OF COST INFLATION IN Q2, WHICH WILL ALSO BE AFFECTED BY UNCERTAIN GEOPOLITICAL SITUATION AND COVID-RELATED LOCKDOWNS IN CHINA

* Q1 RESILIENT GROSS PROFIT MARGIN DUE TO SUCCESSFUL PRICE ACTIONS AND STRICT COST MANAGEMENT

* ADDITIONAL PRICE ACTIONS ARE BEING TAKEN TO TACKLE COST INFLATION

* ASSUMING THAT UNCERTAINTY IN MOST MARKETS WILL NOT DETERIORATE, SECOND HALF OF YEAR IS EXPECTED TO BE BETTER THANKS TO ADDITIONAL PRICING ACTIONS COMING INTO EFFECT

* CONTINUES TO FOCUS ON WORKING CAPITAL IMPROVEMENTS AND COST MANAGEMENT

* ONGOING TRANSFORMATION ACTIONS ARE EXPECTED TO BRING MORE AGILITY AND TO FURTHER SIMPLIFY OPERATIONS OF GROUP

* Q1 NET LOSS OF 7 MILLION EURO

* THEY WILL ALSO ALLOW GROUP TO FURTHER REDUCE ITS COSTS FROM 2023 ONWARDS

* Q1 REVENUE EUR 424 MILLION VERSUS EUR 396 MILLION YEAR AGO

* NET FINANCIAL DEBT (INCLUDING IFRS 16) EVOLVED FROM A NET CASH POSITION OF 325 MILLION EURO AT END OF 2021 TO A NET CASH POSITION OF 262 MILLION EURO

* Q1 ADJUSTED EBITDA EUR 19 MILLION VERSUS EUR 15 MILLION YEAR AGO

* GROSS PROFIT EUR 123 MILLION VERSUS EUR 117 MILLION YEAR AGO Source text for Eikon: Further company coverage: (Gdansk Newsroom)