Cochlear Provides Half Year Results

Cochlear’s CEO & President, Dig Howitt said, “The positive momentum we have experienced across the developed markets over the past few years has continued into FY18 with a 12% increase in cochlear implant units delivered across these markets.

“Cochlear’s market leadership position has strengthened with new products broadening the portfolio and driving share gains. Over the past 18 months we have released the Nucleus® 7 Sound Processor, the world’s first Made for iPhone cochlear implant sound processor, the Kanso® Sound Processor, our first off-the-ear sound processor, the Nucleus® Profile Slim Modiolar (CI532) electrode, the world’s slimmest electrode, and the Baha® 5 SuperPower Sound Processor, with strong demand experienced for each product.

“The Nucleus 7 Sound Processor was launched during the second quarter across key markets including the US, Western Europe and Australia, performing well in its first three months. The technology allows users to stream sound from an iPhone® , iPad® and iPod touch® directly to their sound processor, offering greater accessibility, connectivity and wireless solutions.

“Emerging market implant units reduced during the half primarily as a result of the timing of a number of tenders. In particular, the HY17 result included 1,100 Chinese Central Government tender units. We expect to start shipping the 1,491 China tender units awarded in October 2017 during the second half.

“The Services business delivered CC revenue growth of 12% driven by the release of the Nucleus 7 Sound Processor and the first time inclusion of Sycle revenue. The Acoustics business delivered sales growth of 5% in CC with solid demand continuing for the Baha® 5 range of sound processors.”


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