Cochlear investors hear siren call of higher profits
Liam WalshReporter
Key Points
- Cochlear predicts profits will rise between 16-23% this year.
- Earnings rose in past 12 months, although margins were slightly squeezed.
Hearing device maker Cochlear aims to boost margins and revenues this year, amid plans to boost market penetration for its products.
Wielding new studies about the effectiveness of hearing aids assisting people with a higher risk of cognitive decline, on Tuesday Cochlear argued it would try to grow the overall customer base this year rather than take market share.
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