Cochlear Plc Ord (CHEOF) Q4 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.134 Thank you for standing by and welcome to the Cochlear FY26 Results Analyst and 00:00:05.134 -- 00:00:08.516 Media Briefing. All participants are in a listen-only mode. 00:00:08.516 -- 00:00:11.478 There will be a presentation followed by a question and answer session. 00:00:11.478 -- 00:00:14.800 If you wish to ask a question, you will need to press the star key followed by the number 00:00:14.800 -- 00:00:18.762 one on your telephone keypad. I would now like to hand the conference over to Mr. 00:00:18.762 -- 00:00:23.123 Digg Howitt, CEO and President. Please go ahead. 00:00:23.865 -- 00:00:27.667 Good morning, everyone. Thank you for joining us. 00:00:27.667 -- 00:00:32.746 Let's get underway. So in FY26, 00:00:33.227 -- 00:00:38.269 as always, our mission is central to what we do and we enabled over 55,000 00:00:38.269 -- 00:00:43.451 people to hear for the first time or to regain their hearing and more than 50,000 of 00:00:43.451 -- 00:00:48.714 our over 800,000 recipients received a new speech processor last year, 00:00:48.714 -- 00:00:51.934 giving them access to better hearing. 00:00:52.415 -- 00:00:57.258 I'll give an overview of the year and then focus on actions to drive growth in the developed 00:00:57.258 -- 00:01:02.735 adults market. In FY26 sales revenue grew 2% in constant currency 00:01:02.735 -- 00:01:08.660 to $2.3 billion and underlying net profit was $322 million. 00:01:08.660 -- 00:01:13.644 These results were below the expectations we set last August but they were at the upper 00:01:13.644 -- 00:01:20.168 end of the guidance we revised in April and revenue in the second half was up 6%. 00:01:20.690 -- 00:01:25.333 During the year we advanced our strategic priorities including successfully launching 00:01:25.3...