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

Half Year 2024 Cochlear Ltd Earnings Call Transcript

Feb 18, 2024 / 11:00PM GMT

Transcript

Operator

(Operator Instructions) I would now like to hand the conference over to Mr. Dig Howitt, CEO and President. Please go ahead.

Diggory William Howitt

Cochlear Limited - CEO, MD, President & Executive Director

Thank you all for joining, and good morning, and good to have you with us. We'll get underway with -- I will present and then open up for questions after that.

So, let's get started, and we always like to start with our mission. It not only reminds us of what we're doing and why we're doing, but it's actually at a high level is a guide to our strategy, looking at the need to raise awareness and change our hearing losses treated and ensuring that we continue to innovate and support our customers throughout their lifetimes.

Okay. Let's jump into the results, obviously, it was a good first half result, particularly driven by the strength of Cochlear implant units, they were obviously higher than we expected with 14%.

Growth in services grew strongly as we expected close to the launch of Nucleus 8. But I think underlying the

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