News: COH Cochlear Ltd Provides FY19 Net Profit Guidance Of $265-275 Million, page-12

With the new Nucleus 7 out since September, I would have thought the upgrade cycle would boost guidance for a stronger 2019. Half 2 was stronger than half 1 as expected in services, up 18% I estimate, versus 12% up in half 1. I thought the iphone app should be a ripper for a bit of a longer upgrade cycle. Unless estimated sales of CI are the problem.

Accountics / Baha etc didn't do very well half 2.

I wonder if that factory in China is still a good idea with Trump's tariffs subtracting from the benefits of doing it, and providing an economic excuse too. Why don't they shelve it? Big risk of IP theft as well, nothing has changed in that regard. Seems foolish to make such an IP rich product in China, and a product that gets welded into your head (so to speak).

Great business - seems a bit too expensive to me though. Consensus eps was about 5.02cps on 4-traders, 4.98 on fnarena, and guidance is 4.69 cps for FY19. It doesn't seem that they were conservative with last year's guidance - which was met but not exceeded. PE fc19 of about 40x is huge for eps growth of around 9 to 12%.