Agfa Healthcare

Agfa HealthCare - Fourth Quarter 2015

Agfa HealthCareThe fourth quarter top line decline is mainly due to Agfa HealthCare's inventory decisions in the hardcopy film business. These decisions aim to better align the inventory policy at the distributors' level to the current economic situation in certain emerging markets, including China and Latin America. In the mature markets, the business group posted top line growth.

In the Imaging segment’s digital radiography business, the DR product range's revenue continued to grow strongly.

In the IT segment, the HealthCare Information Solutions range posted revenue growth. In the field of Imaging IT Solutions, the order book and the installed base for the new Enterprise Imaging platform are growing steadily.

Mainly due to the inventory measures for hardcopy film, Agfa HealthCare's gross profit margin decreased from 38.0 percent of revenue in the very strong fourth quarter of 2014 to 36.0 percent. Recurring EBITDA decreased from 43.2 million Euro (14.3 percent of revenue) to 34.2 million Euro (12.4 percent of revenue). Recurring EBIT amounted to 27.6 million Euro (10.0 percent of revenue), versus 34.6 million Euro (11.4 percent of revenue).

In the field of Imaging, Agfa HealthCare signed several eye-catching contracts for its advanced digital radiography solutions. In the US, the Rush University Medical Center (Chicago) ordered three DX-D 600 DR systems and one DX-D 300 DR system. The Rotherham NHS Foundation Trust and the Yeovil District Hospital were the first care organizations in the UK to order the recently launched DR 600 X-ray room. An extensive DR contract - including DR 600 X-ray rooms, as well as mobile DR solutions - was also signed with the Klinikum Ludwigsburg (Germany).

In the field of Imaging IT Solutions, Agfa HealthCare has been identified as the Number 1 Enterprise Imaging IT vendor in the 2015 Trends in Medical Imaging Technology Report, published by peer60. The report is based on an industry survey of over 500 healthcare providers. In the fourth quarter, Agfa HealthCare announced that it had acquired over 250 new agreements for its Enterprise Imaging Solution since its launch. One of the most eye-catching contracts of the fourth quarter was signed with Västra Götalandsregionen in Sweden. The agreement lays out standard terms under which the 18 hospitals in the region can implement Agfa HealthCare's Enterprise Imaging for Radiology suite at their own pace. The first implementation will take place in Sahlgrenska University Hospital (Gothenburg), the largest hospital in Northern Europe. In the Middle East, comprehensive Enterprise Imaging Solutions were ordered for the American University of Beirut Medical Center and the Royal Commission Medical Center (Yanbu, Saudi Arabia). The Admiraal de Ruyter Ziekenhuis in Goes became the first hospital in the Netherlands to implement Agfa HealthCare's Enterprise Imaging for Radiology Solution.

In the field of HealthCare Information Solutions, Agfa HealthCare confirmed its leading position in the German speaking region of Europe. In the fourth quarter, new contracts were signed with - among other care providers - the Psychiatrieverbunde St. Gallen, the Klinikum Delmenhorst and the St. Josef Stift Delmenhorst.

Related news articles:

About Agfa
The Agfa-Gevaert Group is one of the world’s leading companies in imaging and information technology. Agfa develops manufactures and markets analogue and digital systems for the printing industry (Agfa Graphics), for the healthcare sector (Agfa HealthCare), and for specific industrial applications (Agfa Materials). Agfa is headquartered in Mortsel, Belgium. The company is present in 40 countries and has agents in another 100 countries around the globe. The Agfa-Gevaert Group achieved a turnover of 2,865 million euro in 2013.

About Agfa HealthCare
Agfa HealthCare, a member of the Agfa-Gevaert Group, is a leading global provider of diagnostic imaging and healthcare IT solutions. The company has nearly a century of healthcare experience and has been a pioneer on the healthcare IT market since the early 1990's. Today Agfa HealthCare designs, develops and delivers state-of-the-art systems for capturing, managing and processing diagnostic images and clinical/administrative information for hospitals and healthcare facilities, as well as contrast media solutions to enable effective medical imaging results. The company has sales offices and agents in over 100 markets worldwide. Sales for Agfa HealthCare in 2013 were 1,160 million euro.

Most Popular Now

Medelinked Now Integrated with Micr…

Medelinked is now integrated with Microsoft Health and Band. The integration ensures that wellness summary data from Microsoft Health app and Band wearable is available i...

Read more

HealthShare at the Heart of Healthc…

Following a successful pilot programme to deliver more integrated care to heart failure patients, Torbay and South Devon NHS Foundation Trust is rolling out the InterSyst...

Read more

Brain-Machine Interface Triggers Re…

During the 2014 FIFA World Cup opening ceremony, a young Brazilian man, paralyzed from the chest down, delivered the opening kickoff. He used a brain-machine interface, a...

Read more

Nervecentre Launch Mobile Clinical …

Nervecentre Software has launched a mobile clinical photography solution for nurses and doctors in hospitals. Fully integrated directly into the patient record, the mobil...

Read more

in silico Clinical Trials: How Comp…

The term 'in silico clinical trials' refers to: "The use of individualised computer simulation in the development or regulatory evaluation of a medicinal product, medica...

Read more

Leading Digital Health Alliances An…

21 - 22 November 2016, Barcelona, Spain. The European Connected Health Alliance (ECHAlliance) and Personal Connected Health Alliance (PCHA) have signed a pivotal agreeme...

Read more

Gaming Camera could Aid MS Treatmen…

A commonly used device found in living rooms around the world could be a cheap and effective means of evaluating the walking difficulties of multiple sclerosis (MS) patie...

Read more

Greater Privacy and Security Measur…

With over two-thirds of U.S. adults owning a smartphone, and the rise in miniaturized sensors and low-power body area networks that are used for remote health monitoring...

Read more

Siemens and INSIGHTEC Sign Agreemen…

INSIGHTEC, the global leader in MR-guided Focused Ultrasound (MRgFUS) therapy, announced the signing of a strategic agreement with the global leader in Magnetic Resonance...

Read more

Agfa HealthCare Awarded its Fourth …

Agfa HealthCare, a leader and innovator in the medical imaging and healthcare IT space, today announced that the U.S. government has awarded the company its DIN-PACS IV (...

Read more

Do Pokémon Go and augmented reality…

The combination of augmented reality technology, geocaching, and other novel techniques to create innovative active video games (AVGs) has potential personal and public h...

Read more

Kick-off of Grants4Apps Accelerator…

22 August 2016, Berlin, Germany. The Grants4Apps® Accelerator is a mentoring program for digital health startups taking place in Berlin. This year's batch with five star...

Read more

Digest Newsletter

Subscribe to our weekly Newsletter and stay updated on the latest eHealth News. Subscribe now, it's free!
© eHealthNews.eu 2006 - 2016