Brief: Cochlear Acquires Demant Cochlear Implant Business
21/05/2024 10:51
May 21 (Reuters) - Cochlear Ltd COH.AX :
* ACQUIRES DEMANT COCHLEAR IMPLANT BUSINESS
* EXPECTS TO INCUR INTEGRATION COSTS IN FY24 OF AROUND A$30
MILLION PRE-TAX, PRIMARILY RELATED TO RESTRUCTURING
* INTEGRATION COSTS TO HAVE NO IMPACT ON CO'S FY24
UNDERLYING NET
PROFIT GUIDANCE OF A$385-400 MILLION
* ACQUIRED COCHLEAR IMPLANT BUSINESS WILL BE INTEGRATED INTO
COCHLEAR OVER NEXT FEW MONTHS
Further company coverage: COH.AX
((Reuters.Briefs@thomsonreuters.com;))
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