BUZZ-NZ's Fisher & Paykel falls on flagging cost blowout under new US tariff plan

Reuters
02-03
BUZZ-NZ's Fisher & Paykel falls on flagging cost blowout under new US tariff plan

, ** Shares of Fisher & Paykel Healthcare FPH.NZ fall 8.5% to NZ$34.390, their lowest level since Aug. 23, 2024

** Medical equipment maker says its costs would likely increase in FY26 due to the U.S.'s introduction of new 25% tariffs on Mexico

** Says it manufactures 45% of its volume in Mexico and nearly 60% of its U.S. volumes are supplied from its Mexico manufacturing facilities

** Co does not see material impact from the tariffs on FY25 profit

** Stock top loser on benchmark S&P/NZX 50 index .NZ50

** Stock down ~10.2% YTD, including day's moves

(Reporting by Himanshi Akhand in Bengaluru; Editing by Sandra Maler)

((Himanshi.Akhand@thomsonreuters.com;))

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