IBA reports reduced half-year revenues

By AuntMinnieEurope.com staff writers

August 27, 2020 -- Proton therapy developer Ion Beam Applications (IBA) reported reduced revenues for the first half of 2020, which it attributed to challenges presented by the COVID-19 pandemic.

The company posted revenue of 109.7 million euros for the period, down 14.3% compared with 128 million euros for the same period in 2019.

With respect to recurring earnings before interest and taxes (REBIT), the company posted a net loss for the first half of 9.9 million euros, compared with a net loss of 4.4 million euros in the same period the year before.

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