Craig Wong-Pan of RBC Capital Markets inquired about the drivers of the strong 10% growth in Rest of World device sales and whether large tenders contributed.
CEO Michael Farrell explained that while tenders can cause fluctuations, the growth outpaced the mid-single-digit market rate due to broad strength. CFO Brett Sandercock added that Europe and China were notable contributors to the strong performance.
Craig Wong-Pan of RBC Capital Markets inquired about the drivers of the strong 10% device growth in the Rest of World segment, asking if large tenders were a significant contributor.
CEO & Chairman Michael Farrell explained that while there can be fluctuations from tenders or fleet sales in markets like Japan, the growth outpaced the mid-single-digit market expectation. CFO Brett Sandercock added that strong results in Europe and improved growth in China were key contributors to the robust performance.
Craig Wong-Pan asked for the key drivers behind the 9% device growth in the Rest of World segment and questioned the contribution from higher-priced AirSense 11 sales.
CEO Michael Farrell stated that while there was some positive price/mix impact from the ongoing AirSense 10 to AirSense 11 transition, the "vast majority" of the 9% growth was driven by volume. He credited strong execution in demand generation and competitive performance across the 140 countries in that region.