Overall, the company's revenue decreased from 435 million euros ($528 million U.S.) in the first quarter of 2020 to 396 million euros ($481 million) in the most recent period, a decline of 9% after excluding currency effects.
Revenues in Agfa's radiology solutions division decreased 16% from 118 million euros ($143 million) to 99 million euros ($120 million). Company executives said the division's profitability suffered from the decrease in medical film volumes, which were impacted by COVID-19 in Latin America and India.
However, the outlook was better in Agfa's healthcare IT division, where revenues remained steady at 55 million euros ($67 million), the same amount as the first quarter of 2020. Company leaders said this can be credited to the division's strategy to target high-value revenue streams.
Copyright © 2021 AuntMinnie.com