Agfa-Gevaert, parent company of Agfa HealthCare, reported sales for the first half of fiscal 2003 of 2.1 billion euros ($2.3 billion U.S.), down 10.7% compared with the 2.4 billion euros ($2.6 billion) booked in the same period last year. The decrease was due to a combination of currency effects and the impact of sluggish economic conditions on its consumer imaging and graphic systems businesses, according to the Mortsel, Belgium-based vendor.
For the quarter (end-June 30), the company reported sales of 1.097 billion euros ($1.2 billion) an 11.6% decrease compared with the 1.241 billion euros ($1.4 billion) posted in 2002.
Agfa did not break out specific sales figures for Agfa HealthCare in its financial results. However, the technical imaging division (of which HealthCare is the largest unit), booked sales of 442 million euros ($484.1 million), down 5.4% from the 467 million euros ($511.2 million) of revenues in the second quarter of 2002.
By AuntMinnie.com staff writers
August 21, 2003
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