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

 

Photos: Inside The Christchurch Arts Centre Rebuild

Lady Pippa Blake visited Christchurch Arts Centre chief executive André Lovatt, a 2015 recipient of the Blake Leader Awards. The award celebrated Lovatt’s leadership in New Zealand and hisand dedication to the restoration of the Arts Centre. More>>

Running Them Up The Flagpole: Web Tool Lets Public Determine New Zealand Flag

A School of Design master’s student is challenging the flag selection process by devising a web tool that allows the public to feed their views back in a way, he says, the current government process does not. More>>

ALSO:

Survey: ‘The Arts Make My Life Better’: New Zealanders

New Zealanders are creative people who believe being involved in the arts makes their lives better and their communities stronger. Nine out of ten adult New Zealanders (88%) agree the arts are good for them and eight out of ten (82%) agree that the arts help to improve New Zealand society. More>>

ALSO:

Wellington.Scoop: Reprieve For Te Papa Press

Following its review of the role of Te Papa Press, Te Papa has committed to continue publishing books during the museum’s redevelopment, Chief Executive Rick Ellis announced yesterday. More>>

Law Society: Sir Peter Williams QC, 1934 - 2015

“Sir Peter was an exceptional advocate. He had the ability to put the defence case for his clients with powerful oratory. His passion shone through in everything he did and said.” Mr Moore says Sir Peter’s lifelong commitment to prison reform was instrumental in ensuring prison conditions and the rights of prisoners were brought to public attention. More>>

ALSO:

CTU: Peter Conway – Family Statement

Peter committed his whole working life to improving the lives of working people, both in unions and, more recently, as the Economist and Secretary of the Council of Trade Unions. He was previously Chair of Oxfam New Zealand and was on the Board of NZ Trade and Enterprise. More>>

ALSO:

Hundertwasser Art Museum: Whangarei Says Yes

Provisional results confirm Whangarei voted Option B in a landslide result for the Hundertwasser and Wairau Maori Art Centre project. 13,726 voted for the Hundertwasser project in a FPP binding referendum that had higher voter turnout than the last local body election. More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Health
Search Scoop  
 
 
Powered by Vodafone
NZ independent news