Agreed, a lot of the earnings uplift came from some prices increases and GP margin expansion from new products, as well as cost inflation coming out of their inventory.
Having said that, the growth rate is more or less in line with historical standards, and this even after the abnormal uplift from Covid and Philips leaving the industry. The fact they have continuted to be able to grow off that base is frankly incredible. I'll take a 10% topline growth rate any day of the week in this environment.
Interestingly, their SaaS revenue is growing faster then previous years, and continues to become a much larger part of their total revenue.
24.3% last year, and another 17.3% on top of that this year.
Agreed, a lot of the earnings uplift came from some prices...
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Last
$36.04 |
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-0.620(1.69%) |
Mkt cap ! $22.01B | |||
| Open | High | Low | Value | Volume |
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| 1 | 27 | $35.96 |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |