New Zealand’s biggest company by capitalisation on the NZX, Fisher & Paykel Healthcare which sells its products in 120 countries, has supplied $880 million of hospital hardware over the past two years. That’s the equivalent of about 10 years’ hardware sales before COVID-19.
This remarkable performance deserves the plaudits of all New Zealanders.
And as a company which spends nearly 10% of its revenue on research it has new products coming on the market.
CEO Lewis Gradon (surely he deserves a knighthood) says the growing body of evidence supporting the use of nasal high flow and other respiratory therapies shows that its products have a clear role to play in improving care and outcomes beyond COVID-19 patients.
“We have a proven fifty-year track record of changing clinical practice and now we have the additional benefit of customers already having our hardware and clinical experience with its use.” Continue reading “Fisher & Paykel Healthcare’s $880m sales of hospital hardware over the past two years deserves NZ’s plaudits” →
In these days of doom and gloom over the impact of the Covid-19 pandemic, any outfit which can trigger a ray of optimism deserves a salute from the rest of the country.
Fisher & Paykel Healthcare, for example, reported this week that in the four months to July 31 it recorded a 390% lift in the sales of its hospital respiratory care products, compared with sales in the same period the previous financial year. This remarkable performance reflects a changing trend in clinical practice to lead with nasal high flow therapy for treatment of Covid-19 patients in hospital. Global sales for the Auckland-based company of both invasive ventilation and Optiflow consumables in July have returned to similar levels to the peak it saw in April.
No wonder this is the top capitalised company listed on the NZX, valued at over $20bn.
In a very different field, but like the F&P Healthcare report barely getting a mention in the mainstream media, was the announcement that reserves in the Kupe gas and oil field offshore in Taranaki are significantly greater than previously reported. This means the field’s life is likely to be extended beyond the 15-20 years expected when it first came on stream in 2009. Continue reading “Great news from Kupe (if drilling permits could be acquired) – NZ has bigger gas and oil reserves than previously reported” →
The PM, Jacinda Ardern, received what her handlers would have perceived as unexpected criticism from the media after she gave a pre-budget speech to an Auckland business audience. One of those in the audience was said to have described it as an “ideological fairytale”; others apparently were disappointed it had “nothing for business”.
Given she did list as two of the five priorities in the budget as being “creating opportunities for productive businesses, regions, iwi and others to transition to a sustainable and low-emissions economy; and supporting a thriving nation in the digital age through innovation, social and economic opportunities”, the criticism itself could be regarded as a bit “ideological”.
Surely business doesn’t expect government hand-outs, even if it is labeled a “well-being” budget?
But there seems little doubt that the mood of business is downhearted these days.
Or is it really? Continue reading “Businesses seem gloomy but health-sector companies are in good heart” →