IBA posts healthy Q1 revenue rise

Double-digit revenue increases in all its business segments propelled proton therapy developer Ion Beam Applications (IBA) to higher financial ground in the company's first quarter.

For the quarter (end-31 March), total revenues increased 13% to 73.3 million euros, with sales of proton therapy and accelerators contributing a 12% gain and 58.7 million euros. The company's dosimetry business segment advanced 19% in the first quarter to 14.6 million euros.

The company also revised its forecast to 10% to 12% revenue growth for 2017 and 13% revenue growth for 2018.

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