Sturdy result
Home Careominated by Resmed.FHP strategy to have better product,right technology for customer,competive landscape reduced
R & D spend & new technologies constantly increasing
Anaesthesia /hospital products good potential,excited even,increased sales personal for anesthesia.
Dependant on regulators work flow.
Gross margins improving,lower freight costs(lower air freight) & stock levels =/- 50 basis points,a lot of moving parts,100+ improvement in Gross Margins over 5 years?
Goal 30 % operating margin,60 % gross margins.
Taken write down downs on land,product recall ,tax impacts in their stride,all out of cash flow.
Recall is for a 7-10 yr old product so assuming all acounted for in the $20m
Phone conference:Panel fully in touch with their business,performance & how products are performing.Transparent.
CAPEX;lumpiness,dependant on build in NZ ,mainly 2026,27.Dependant on requirements,building ahead.
Increasing OPEX across all the business
Foundations all there for continual improvement
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ominated by Resmed.FHP strategy to have better product,right technology for customer,competive landscape reduced
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