CLAIM #20616 · DHR (DHR) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023
“we expect that patient volumes then improve throughout the year and are expecting low single digits for the full year in China.”
Rainer Blair · CEO
In context
“el. Rachel Vatnsdal: Good morning. So first up, just on China. So you mentioned that you're expecting some softness there. Can you just dig a little bit deeper, how much of the softness on that 1Q is going to be pressured there? And then what do you expect for China in total for the year as well? Thanks. Rainer Blair: So as I mentioned, China is -- and of course, everybody knows coming out of the zero COVID lockdowns and that's affecting patient volumes here. And we saw that in December, in particular, and have taken that as an indicator for how we should think about the first quarter in China, which we expect to be down around high single digits here in the first quarter, but then moderating as the Chinese population gets through sort of the various infection waves that are expected. And we expect that patient volumes then improve throughout the year and are expecting low single digits for the full year in China. Rachel Vatnsdal: Great. That's helpful. And then just a follow-up. You mentioned that Western Europe was 10% core during 4Q. Can you just talk about your expectations for Europe with this year? Have you seen any softness related to any budget constraints on your conversations with customers there? Thanks. Rainer Blair: I would tell you, if we think about non-COVID, we continue to see good demand in Western Europe. We have seen the cycle time of deals. So that period of time between lead, capture and capturing the order extending here in the fourth quarter, and we would expect that to continue. As you think about Western Europe, including COVID headwinds, we would expect that to be flat here in the first quarter and then up low single digits. But once again, that includes some COVID headwi”
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SEC filings for DHR ↗ · Claim quote is verbatim from the 2022Q4 earnings call.