The ASX reporting wrap-up: Cochlear, Sydney Airport, TPG

Just what the investor ordered. Here’s a recap of the companies that reported on Friday…

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wrap up of ASX 200 shares performance represented by newspaper saying that's a wrap

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The final day of the week ended with some of Australia’s most well-known company’s sending their FY21 numbers out for judgement day. After reporting to the ASX, these three companies were put under the microscope of investors.

We’ll quickly unpack today’s results and then wrap it back up for tomorrow:

Those that delivered today

Cochlear Limited (ASX: COH)

Shares in Cochlear fell 7.43% after the medical device company reported its FY21 full-year results. Despite solid numbers across the board and positive guidance for the year ahead, investors weren’t satisfied.

The takeaway points:

  • Cochlear implant units up 15% to 36,456
  • Sales revenue up 10% to $1,493.3 million
  • Underlying earnings per share up 40% to $3.60
  • Full year dividend up 59% to $2.55
  • IT systems upgrade to cost $100‐$120 million over the next four to five years
  • FY 2022 guidance: Net profit growth of 12% to 20%

Sydney Airport Holdings Pty Ltd (ASX: SYD)

The Sydney Airport share price traded uneventfully after reporting on the ASX its full-year results for FY21. Shares in the airport operator hardly budged, finishing the day down 0.26%.

The takeaway points:

  • Net loss after tax benefit of $97.4 million. This is up 81.7% on the prior corresponding period’s (pcp) loss. This includes a 36% drop in aeronautical revenue and a 40.6% plunge in retail revenue.
  • Revenue down 31.3% on the pcp to $351 million.
  • Earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $210.8 million – a 29.8% loss on the pcp.
  • A negative cash flow of $565.5 million for the 6 months.

TPG Telecom Ltd (ASX: TPG)

TPG shareholders were sent for a wild ride on the ASX on Friday after the telco giant reported its first-half results for FY21. Shares moved upwards at the open before swinging ~7% to the downside. Yet, the company’s shares finished the day only down 0.45%.

The takeaway points:

  • Revenue increased 71% to $2,630 million
  • EBITDA up 67% to $886 million
  • Net profit after tax down 8% to $76 million
  • Fully franked interim dividend of 8 cents per share

ASX shares reporting next week

What a colossal week of earnings on the ASX. I hope everyone gets a good rest over the weekend because next week will be even busier for shares reporting on the ASX.

Some of the big-name companies set to release their financials next week include Altium Limited (ASX: ALU), Oil Search Ltd (ASX: OSH), WiseTech Global Ltd (ASX: WTC), A2 Milk Company Ltd (ASX: A2M), Appen Ltd (ASX: APX), Qantas Airways Limited (ASX: QAN), Woolworths Group Ltd (ASX: WOW), and Wesfarmers Ltd (ASX: WES).

To see the full line-up check out our ASX Reporting Season Calendar.

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Motley Fool contributor Mitchell Lawler owns shares of Appen Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium, Appen Ltd, Cochlear Ltd., and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Altium, Appen Ltd, Wesfarmers Limited, and WiseTech Global. The Motley Fool Australia has recommended A2 Milk, Cochlear Ltd., and TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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