1st quarter 2016 revenue: +63.8% (+8.1% on a like-for-like basis)
Guerbet is reporting revenue of €183.7 million for the 1st quarter of 2016, representing a 63.8% increase (+8.1% like-for-like at constant exchange rates) from the same period last year.
On a like-for-like basis, business grew in all geographical areas. The 1st quarter 2016 revenue in Europe totalled €82 million, up 5.7% at constant exchange rates. On Other Markets, sales rose strongly in the USA and in Asia.
At constant exchange rates, the business activities of the former CMDS scope fell 17.4% in Europe and 20.8% on Other Markets, representing an overall decrease of 20.3%.
The goal is to stabilise consolidated sales in 2016 (+/-3%) before growth picks back up in 2017.