ResMed Q1 2015 result

ResMed has reported an encouraging performance in the first quarter of the 2015 financial year, with revenue rising 6% to US$380m. Gross margin fell 1.3 percentage points to 62.4% following last year’s price cuts, so its gross profit only rose 4% to US$237m. An increase in selling and marketing costs associated with the launch of the company’s new AirSense 10 range of flow generators caused operating profits to fall 2%, but an improved tax rate (helped by a favourable settlement in Germany) meant that net profit rose 3%. With 2% fewer shares on issue thanks to the company’s ongoing buyback...

ResMed has reported an encouraging performance in the first quarter of the 2015 financial year, with revenue rising 6% to US$380m. Gross margin fell 1.3 percentage points to 62.4% following last year’s price cuts, so its gross profit only rose 4% to US$237m.

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