Cochlear Plc Ord (CHEOF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Cochlear Limited HY26 Result Analyst and Media Briefing. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Dig Howitt, CEO and President. Please go ahead. Hi everyone, thanks for joining us today for our first half results announcement. So let me let me get started and as I said we'll do a presentation up front and then open for questions. We always do like to start with our mission and particularly this half where we've been very focused on the launch of Nexa, which is sort of the core of our mission of getting people here and be heard and sort of highlights of being able to talk to professionals about their excitement around the technology and Nexa and what that brings for the future. And to be able to meet a bunch of recipients who have been excited by the technology and be able to benefit from features like SmartSync. Let's get into the results. So as I said, this year, this half is really all about NEXA. And it's certainly a big undertaking to launch NEXA. And I'll explain a bit more about what's involved in just a few minutes. And overall, we saw a very successful launch that really does set us up for the second half and certainly sets us up for the future. And in doing that, and I'll go into some of the detail, we saw price increases and we did see some delays in those price increases, some delays in sales. And that's really what's brought us short of where we expected to be in the first half, which led to the sales revenue being down 2% in constant currency and the underlying net p...