Unfavorable currency rates in parts of Europe adversely affected revenue for French contrast developer Guerbet in the first quarter of 2018.
For the period (end-March 30), revenue declined 10% based on current exchange rates to 183.2 million euros ($227 million U.S.), compared with 196.5 million euros ($243.6 million) in the first quarter of 2017.
There was a negative currency effect of 13.3 million euros ($16.5 million) in the first quarter, according to the company, compared with a positive currency effect of 5.8 million euros ($7.2 million) in last year's first quarter.
