HEARING AIDS INDUSTRY – AUSTRALIA

Cochlear takes long-term view on China

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Original article by Jared Lynch
The Australian – Page: 15 : 23-Feb-22

Hearing implant maker Cochlear has posted a 2021-22 interim net profit of $169.3m, which is 28 per cent lower than previously. However, its underlying net profit rose 26 per cent to $158m and revenue was 10 per cent higher at $815.3m. Shareholders will receive an interim dividend of $1.55 per share, which is 35 per cent higher than previously. Meanwhile, CEO Dig Howitt says the ongoing tensions between Australia and China will not affect Cochlear’s investment plans in China; the company is about to commission a $50m manufacturing plant in China, and Howitt says it is committed to China for the long-term.

CORPORATES
COCHLEAR LIMITED – ASX COH

Focus on sales reboots growth at Cochlear

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Original article by Tim Binsted
The Australian Financial Review – Page: 15 : 12-Feb-16

Australian-listed Cochlear has posted a 2015-16 interim net profit of $A94m, which is 32 per cent higher than previously. Revenue also increased by 32 per cent, to $A581.7m, and sales of its hearing implants rose by 26 per cent to 14,748 units. CEO Chris Smith says the group has benefited from its consumer-focused strategy, and notes that the 65-plus age group represents a huge growth opportunity for Cochlear.

CORPORATES
COCHLEAR LIMITED – ASX COH

Cochlear looks to new CEO for kick-start

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Original article by Tim Binsted
The Australian Financial Review – Page: 15 & 20 : 27-May-15

Australian-listed Cochlear has advised that the head of its North American division, Chris Smith, will succeed CEO Chris Roberts in September 2015. Roberts has been CEO since 2004, and Cochlear has indicated that it wants to place more emphasis on lifting sales and revenue under Smith. He will join Cochlear in the role of deputy CEO on 1 July. Cochlear shares closed 1.4 per cent higher at $A88.66 on 26 May.

CORPORATES
COCHLEAR LIMITED – ASX COH, RESMED INCORPORATED – ASX RMD, MACQUARIE GROUP LIMITED – ASX MQG, NUCLEUS GROUP, SEEK LIMITED – ASX SEK, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, AUSTRALIAN MANUFACTURING WORKERS’ UNION

Cochlear amplifies profit result

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Original article by Jessica Gardner
The Australian Financial Review – Page: 15 & 20 : 11-Feb-15

Australian-listed Cochlear has posted a 2014-15 interim underlying net profit of $A71.4m, which is 94 per cent higher than previously. The group’s statutory net profit was 240 per cent higher, while revenue was up 18 per cent at $A438.3m. Shareholders will receive a half-year dividend of $A0.90 per share. Cochlear shares fell by $A0.84 on 10 February 2015, closing at $A86.76

CORPORATES
COCHLEAR LIMITED – ASX COH, UBS HOLDINGS PTY LTD, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, STANDARD AND POOR’S ASX 200 INDEX