Cochlear Ltd (OTCPK:CHEOF)

$ 190.21 0 (0%) Market Cap: 12.13 Bil Enterprise Value: 11.96 Bil PE Ratio: 52.53 PB Ratio: 10.40 GF Score: 85/100

Full Year 2019 Cochlear Ltd Earnings Call Transcript

Aug 16, 2019 / 12:00AM GMT

Release Date Price: $153

Transcript

Dig Howitt

Cochlear Ltd. - President and CEO

Good morning, welcome. And we are ready to go. I know we have people following the webcast, as well as here, so thank you for joining us. For those on the webcast, I am Dig Howitt. I will give an overview of some of the highlights of the year, some of the progress in the last year. Then Brent will talk about the balance sheet, the P&L, and the cash flow. And then I'll come back with -- to finish with our guidance and a brief overview on our strategy.

But let's get underway. So highlight clearly for the year was the growth in services and sound processes. And that continues a several-year trend of year-on-year growth from our services business, which is now 30% of our revenue. It was obviously a slower year for cochlear implants, both in developed markets and in emerging markets. I will talk on the next slide into more detail on those. But I think we go into F2020 very well positioned in both developed and emerging markets, and expect to see strong CI growth through F2020.

Very importantly, we are running the business with a long-term

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