Agfa Graphic's pre-tax result rebounded strongly in the first half of the year as it reaped the benefits of the cost-cutting exercise it undertook through 2009.

Recurring EBIT for the first six months leapt more than 427%, from €13.4m ($18.5m) to €70.7m, on revenues of €736m, up 14.8% from €641m in the first half of 2009.

This put the company's EBIT to revenue ratio at 9.6%, up from 2.1% in the same period last year and well above its medium-term target of 7%.

In its interim statement the group, which recorded a recurring EBIT of €137m on sales of €1.4bn, said that it expected full year revenue growth of about €200m, driven by the Graphics division.

Christian Reinaudo, president and chief executive of Agfa-Gevaert, said: "The strong performance in the first half indicates that our targeted strategies and technologies have allowed us to rejoin the path to growth.