Markets

Almost $1 billion: F&P defies market chatter

Staff reporters
Thu, 25 Nov 2021

Almost $1 billion: F&P defies market chatter
Managing director Lewis Gradon said the first half of the last financial year was a period of extraordinary demand during the initial surges of covid-19. (Image: supplied)
Staff reporters
Thu, 25 Nov 2021
Fisher & Paykel Healthcare has reported half-year revenue down just 1% to $900 million, defying analyst expectations of a significant sales slowdown. Investors have been waiting since August to get an update on how the company is tracking, with management unable to offer guidance due to unpredictable sales during the pandemic.Analysts from two of New Zealand’s largest broking firms predicted a revenue decline between 7% and 9% as covid-related sales normalised.Instead, the healthcare exporter’s revenue dropped just 1% in th...

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