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

Cochlear Ltd COVID-19 Pandemic Impact on Trading Conference Call Transcript

May 11, 2020 / 01:00AM GMT

Release Date Price: $120.28

Transcript

Operator

Thank you for standing by and welcome to the Cochlear Limited announcement conference call. (Operator Instructions)

I would now like to hand the conference over to Mr. Dig Howitt, CEO. Please go ahead.

Diggory William Howitt

Cochlear Limited - CEO, MD, President & Executive Director

Good morning, everyone. Thank you for joining. Today, obviously, we've released just a trading update, given we're now some 6 weeks or 2 months in to seeing the impact of COVID-19 across the world. And I thought I'd just say a few brief -- make a few brief comments upfront, and then open up for questions.

I think, just the broad summary is that we are -- what we're seeing happen is very much in line with our expectations. It's a very significant and very rapid decline in surgeries across developed markets. Also a decline in services, but less of a decline. We are starting to see some signs of some countries starting to -- going to restart surgery. It's very -- there's still enormous amount of uncertainty. So we don't know yet at what rate these countries will

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