Full Year 2023 Fisher & Paykel Healthcare Corporation Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Saul Hadassin - Barrenjoey Markets Pty Limited, Research Division - Analyst : Just a couple of questions from me. Just in terms of the revenue guidance in fiscal '24, Lewis, are you able to give a bit of more detail regarding your thoughts on traditional app sales growth versus the new app sales? Are you effectively thinking new app sales will drive all of that growth, just noting traditional consumables were a bit flat through FY '24 -- sorry, through FY '23?

Question: Saul Hadassin - Barrenjoey Markets Pty Limited, Research Division - Analyst : And does that translate to maybe a teens type growth for new apps consumables?

Question: Saul Hadassin - Barrenjoey Markets Pty Limited, Research Division - Analyst : Great. And then just one more, just on that commentary around recovery of the EBIT margins back up to that sort of 30% target. So -- is it right to assume that if you reach the gross margin target within the next 3 or 4 years, would that EBIT margin naturally inflate back to 30%? Or are you expecting OpEx growth to remain robust over the next few years, in which case you would have to assess those levers around OpEx to get that margin back up to that 30% level?