Fisher & Paykel Healthcare Shares Surge 9% On Strong Full-Year Results And Upgraded Outlook |
SYDNEY — Shares in Fisher & Paykel Healthcare Corporation Ltd jumped more than 9% on Tuesday after the New Zealand medical device maker reported robust full-year results and reaffirmed confidence in its growth trajectory amid rising global demand for respiratory care products.
The stock climbed $2.52, or 9.15%, to close at $30.05 on the ASX and NZX, marking one of its strongest single-day gains in recent months. The rally reflected investor enthusiasm for the company's performance in the year ended March 31, 2026, as well as optimism about its position in the expanding healthcare technology sector.
Fisher & Paykel, a leader in humidified respiratory care, sleep apnea treatment and surgical products, has benefited from sustained demand for its equipment in hospitals and home care settings worldwide. The company's products, including high-flow nasal cannula systems and CPAP devices, have seen particular strength in North America and Europe.
Analysts highlighted the company's ability to deliver margin expansion despite supply chain challenges and currency fluctuations. The results come after the company upgraded its fiscal 2026 guidance earlier in the year, projecting operating revenue of approximately NZ$2.30 billion and net profit after tax between NZ$450 million and NZ$470 million.
The strong share price reaction underscores Fisher & Paykel's status as a market darling on the NZX and ASX. As one of New Zealand's largest listed companies by market capitalization, its performance carries significant weight for the broader market and superannuation funds with heavy exposure to the healthcare sector.
Investors appear particularly encouraged by the company's consistent innovation pipeline and growing........