NZ's Fisher & Paykel falls on flagging cost blowout under new US tariff plan

Fisher & Paykel Healthcare

02/02/2025 22:03

** Shares of Fisher & Paykel Healthcare  FPH.NZ  fall 8.5%
to NZ$34.390, their lowest level since Aug. 23, 2024
    ** Medical equipment maker says its costs would likely
increase in FY26 due to the U.S.'s introduction of new 25%
tariffs on Mexico
    ** Says it manufactures 45% of its volume in Mexico and
nearly 60% of its U.S. volumes are supplied from its Mexico
manufacturing facilities
    ** Co does not see material impact from the tariffs on FY25
profit
    ** Stock top loser on benchmark S&P/NZX 50 index  .NZ50 
    ** Stock down ~10.2% YTD, including day's moves 

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Sandra
Maler)
 ((Himanshi.Akhand@thomsonreuters.com;))