Revenue decline due to a shrinking BGM market and the end of the U.S. sales partnership

「Despite the continued contraction of developed-country markets and the shift to lower-priced channels, revenue increased due to higher sales volumes in the United States and strong sales in Europe, particularly in Germany, Italy, and Greece.」

「The BGM business posted higher revenue despite the continued contraction of markets in developed countries and the shift to lower-priced channels, as the impact of the end of the US sales collaboration had almost disappeared and initiatives undertaken during the period to increase unit prices and sales volumes proved effective. Sales in Europe also remained strong.」

「In the United States, the impact of the end of the sales collaboration had almost disappeared, and sales increased as pricing initiatives and measures to increase sales volumes implemented during the fiscal year proved effective. Sales were also solid in Europe.」

「The BGM business performed well despite the continued contraction of markets in developed countries and the shift to lower-priced channels, as the impact of the end of the US sales collaboration diminished, initiatives to increase unit prices and sales volumes proved effective, and sales in Europe remained strong.」

「The BGM market is expected to contract at an annual average rate of 4–5% over the next 3 years, due to factors including revisions to insurance reimbursement in developed markets and the growing adoption of continuous glucose monitoring (CGM) devices.」

「In the blood glucose monitoring (BGM) business, revenue benefited from favorable foreign exchange movements and increased in emerging markets, where market growth is continuing, but declined slightly as market contraction in developed markets such as Europe and the US, the shift to lower-priced channels and the impact of the end of the sales partnership in the US continued. Although the company's market share in Europe increased, this was insufficient to offset the effects of the continuing market contraction.」

「Revenue in the BGM business increased in emerging markets, where market growth is continuing, and benefited from foreign exchange movements, but declined as market contraction continued mainly in Europe and the impact of the end of the sales partnership in the US persisted.」

「Revenue in the BGM business increased in emerging markets, where market growth is continuing, but declined mainly due to continued market contraction in Europe and the impact of the end of the sales partnership in the US.」

「Revenue in the BGM business increased in emerging markets, where the market is growing, but declined due to continued market contraction in the US, Europe, Japan and other markets and the impact of the end of the sales partnership in the US.」

「Revenue in the BGM business declined year on year. The main factors were revenue growth in emerging markets and market share gains through the self-pay customer channel in the US, offset by continued overall market contraction and the impact of the end of the sales partnership in the US, as well as revenue declines in Germany, Italy and Poland amid contracting markets.」

「Revenue increased in emerging markets, including the Asia-Pacific region, while in the US, revenue declined because the impact of the end of the sales partnership continued despite market share gains through the self-pay customer channel. Revenue also declined in the UK and Italy as their markets continued to contract.」

「While sales increased in China and other Asia-Pacific markets, revenue declined in the US despite gaining market share through the self-pay customer channel, as the impact of the end of the sales partnership continued amid overall market contraction. Revenue also declined in the UK and Italy as those markets continued to contract.」

「Sales increased in Germany, China and India, but in the US, sales declined despite efforts to expand the self-pay customer channel, which is not covered by insurance, as the market continued to contract. Sales also declined in Canada and Italy despite market share gains as those markets continued to contract.」

「In the US, revenue declined significantly due to the market's contraction and the end of the sales partnership. Revenue also declined in Germany as the market contracted.」