News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 

Fisher & Paykel Healthcare Raises Earnings Guidance


Fisher & Paykel Healthcare Raises Earnings Guidance, Introduces New Full Face Mask

Auckland, New Zealand, 20 February 2013 - Fisher & Paykel Healthcare Corporation Limited (NZSX:FPH, ASX:FPH) announced today that it had raised its earnings guidance and has introduced a new full face mask range for use in the treatment of obstructive sleep apnea (OSA).

Despite the continuing strength of the NZ dollar, the company now expects net profit after tax to be approximately NZ$75 million for the financial year ending 31 March 2013, assuming a continuation of current exchange rates. At its previous guidance update in November 2012, the company said it expected full year net profit to be in the range of NZ$69 million to NZ$72 million.

“Sales growth during the second half has been very encouraging, particularly for our respiratory consumables and recently released Eson and Pilairo OSA masks. We are expecting constant currency operating revenue growth for the second half to increase to approximately 14%, up from 8% for the first half. We are currently on track for second half RAC and OSA constant currency revenue growth to increase to about 18% and 10% respectively”, commented Michael Daniell, Fisher & Paykel Healthcare’s CEO.

“Operating margin has also continued to improve as a result of new products, operating efficiency gains and manufacturing at our Mexico facility”.

The company also announced an expansion of its full face mask offering, with the introduction of the F&P Simplus™ full face mask for use in the treatment of OSA.

“The new Simplus full face mask incorporates three key technologies, our patented RollFit Seal, ErgoForm Headgear and Easy Frame, which in combination deliver exceptional comfort, seal and ease of use.

Our innovative technologies, including RollFit, have significantly advanced mask simplicity and performance, contributing to improved patient care through reducing complexities associated with fitting and sealing. The initial response from customers to Simplus has been very positive and we are confident that Simplus will build on the success of our Pilairo and Eson masks”, concluded Mr Daniell.

The F&P Simplus mask will initially be available in New Zealand and Australia from April, followed by Canada and Europe and then the United States on receipt of US FDA clearance.

The Simplus full face mask complements the Pilairo™ nasal pillows and Eson™ nasal masks, which were introduced to the company’s international markets during 2012.


ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Gordon Campbell: On The America’s Cup

The fact New Zealand now reigns supreme once again in the most sophisticated contest in the world’s most elite sport – yacht racing – can’t help but reflect the trajectory the country has been on since the 1980s... More>>

ALSO:

Howard Davis: Christopher Marlowe & 'The Tragedy Of Dr. Faustus'

Previous versions of 'The Devil's Pact' can be traced back to the fourth century, Marlowe deviated significantly by depicting his protagonist as unable to burn his books or repent to a merciful God in order to have his contract annulled... More>>

ALSO:

Gold For RNZ: Muslim Post-9/11 Series, Kim Hill Win In New York

The Radio New Zealand podcast series Public Enemy has won a gold award for excellence for its presenter, Mohamed Hassan, at the prestigious New York Festival Radio Awards announced in Manhattan today. RNZ National’s Saturday Morning host, Kim Hill, also received a gold award for Best Radio Personality. More>>

Human Rights Commission: Give Nothing To Racism

A campaign urging New Zealanders to give nothing to racism and refuse to spread intolerance has been launched by some of the country’s most well-known people. More>>

Louis Vuitton Series Win: Emirates Team NZ Will Challenge For The America’s Cup

By beating Artemis 5-2 they now take on Oracle Team USA in the America’s Cup match starting next weekend. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland