Cochlear Says Trading Conditions for Implants Weaker Than Expected Since January; Shares Hit 10-Year Low

MT Newswires Live

04/22

Cochlear (ASX:COH) said trading conditions for cochlear implants in developed markets have been weaker than anticipated since January, with uncertainty regarding fourth quarter sales from the Middle East due to ongoing conflict, according to a Wednesday filing with the Australian bourse.

As a result, the company is downgrading its fiscal 2026 underlying net profit guidance to AU$290 million to AU$330 million, the filing said.

The company had previously disclosed that it expected to be at the lower end of its underlying net profit guidance range of between AU$435 million and AU$460 million, per the filing.

Shares fell 38% in morning trade Wednesday and earlier reached their lowest since March 2016.

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