Fisher & Paykel Healthcare is a long-term play

Chief executive Lewis Gradon (Image: Fisher & Paykel Healthcare)

Mon, 29 May 2023

Fisher & Paykel Healthcare will benefit from the fact that its nasal high-flow therapy machine became the frontline choice for covid-19, but it won’t happen overnight. “The only real thing that covid-19 changed is that customers have a lot of the hardware,” said chief executive Lewis Gradon. Revenue in the year to March 31, 2019, was just over $1 billion. By the 2021 financial year, it had jumped to nearly $2b as the company moved swiftly to supply hospitals around the world with nasal high-flow therapy mach...

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