IBA's sales decline in Q1

AuntMinnie.com staff writers
May 11, 2010

Radiopharmaceutical firm Ion Beam Applications (IBA) of Louvain-la-Neuve, Belgium, stated in its first-quarter financial report that the company was still "feeling the consequences" from the global economic and financial crisis (end-March 31).

Overall sales were down 4% in the first quarter compared to the first quarter of 2009, although IBA's first-quarter net loss was down from the same quarter of 2009. The company's equipment orders at the end of March totaled approximately 200 million euros ($254.1 million U.S.).

Sales in the company's pharmaceutical business increased 5.3% in the most recent quarter compared to the first quarter of 2009.

Related Reading

IBA warns of 2009 loss, February 22, 2010

IBA scores financing, December 18, 2009

IBA wins court order to reapply for contract, December 4, 2009

IBA lands Italian install, December 3, 2009

IBA launches Proteus Nano, November 3, 2009

Copyright © 2010 AuntMinnie.com

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