30 October, 2020 – Ansell Limited (ASX:ANN), a global leader in personal protection safety solutions, provides a trading update ahead of next week’s 2020 Annual General Meeting and upgrades its guidance for the financial year ending 30 June 2021.
Performance in the first four months of financial year 2021 has been strong for the company despite the continued uncertainties arising from COVID-19. Specifically, we have the following items to highlight:
• Better than anticipated production volumes and sales across all of our five Strategic Business Units;
• Exam/Single Use supplier cost increases have been successfully managed to date. There are expectations for additional cost increases to occur during Q3 F’21 where we will look to protect GPADE
dollars but expect a small decline in GPADE margin %;
• Our capex investments including capacity increases are progressing to plan; and
• Exchange rates have been more favourable than originally budgeted.
Based on the above developments, for F’21 we now expect organic growth to be in the double digit and EPS to be in the range of 135¢ - 145¢ (up from previous guidance of 126¢ - 138¢). It is important to note that there remains considerable uncertainty over the remainder of F’21 given the risks of the evolving impact of COVID-19, which could disrupt our supply chains and operations, and the potential for broader macroeconomic weakness and FX volatility.
This announcement was authorised for release by the Board of Directors of Ansell Limited.