Cochlear Ltd (OTCPK:CHEOF)

$ 190.21 0 (0%) Market Cap: 12.11 Bil Enterprise Value: 11.96 Bil PE Ratio: 52.53 PB Ratio: 10.40 GF Score: 85/100

Half Year 2019 Cochlear Ltd Earnings Call Transcript

Feb 18, 2019 / 11:00PM GMT

Transcript

Dig Howitt

Cochlear Ltd. - President

Okay, let's get underway. Thank you for those who are in the room for coming along and welcome to everyone on the phone. For those on the phone, I am Dig Howitt, CEO, and let's get underway.

So, to start with, I just want to run through some of the highlights of the results, then I will get into a bit of the detail of what is going on in some of our markets. Then Brent will talk through the P&L and the balance sheet and then I will come back and finish it with reiterating our strategy and guidance.

So the results highlights, obviously services revenue up 26% is very strong. Our implant unit growth of 5%, which I will talk more about both developed markets and emerging markets as we get into this.

Very importantly, our strategy holds and the opportunity that we see for long-run growth, particularly in the adults and seniors in developed market, all holds and we continue to invest heavily in that segment as well as in building our product portfolio over the long run. I will talk about those things as we go through. And from a financial

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