Nanosonics boss Michael Kavanagh says the company can meet market expectations for 20 per cent plus sales growth this year, underpinned by a recovery in ultrasound appointments in the United States and at home as vaccination rates climb.
The company’s shares surged 21.9 per cent to $7.18 on Tuesday, pushing its market value up by over $380 million to $2.16 billion after it staged a major recovery in the second half of fiscal 2021.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
