Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) announced its revenue guidance for the financial year ending 31 March 2023. It expects its operating revenue for FY23 to be in the range of AU$1.55 billion to AU$1.60 billion at the current exchange rate. The current exchange rates are NZD:USD 0.63 and NZD:EUR 0.59, compared to exchange rates of NZD:USD 0.58 and NZD:EUR 0.58, as at the time of the November 2022 half-year result.
“Consistent with what we experienced during COVID-19 surges over the last few years, we are seeing increased sales of our Hospital hardware and consumables in China as the country manages its current wave of the virus. An early start to the flu season and the prevalence of respiratory syncytial virus (RSV) also fueled demand for our Hospital consumables in North America during the final months of 2022, though this now appears to be easing”, said by company’s Managing Director and Chief Executive Officer Lewis Gradon.
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