Acquisitions boost Ansell sales growth
ERJ staff report (TP)
Melbourne, Australia – Ansell Limited, the manufacturer of protective clothing, reported a sales growth of 16% to US$1.5 billion (€1.2bn) in its 2014 full year results.
The company said it benefitted from the acquisitions of Barriersafe Solutions International (BSSI) and Midas. (See ERJ report.)
The full year results are for the period ending 30 June 2014 – which also saw a 4% organic growth in hand protection.
“F’14 has seen Ansell deliver strong results in the midst of significant change,” chairman Glenn Barnes said.
“With robust underlying profitability flowing through to strong cash flow, [we] see a continuing trend of increasing dividends to shareholders [and] the board also believes the company has created a strong platform for growth in F’15.”
In addition, Ansell said it had a record free cashflow of US$178 million – which created “greater balance sheet strength and flexibility”.
Chief executive officer and managing director Magnus Nicolin said: “The recent restructuring has created an opportunity to streamline parts of the business and improve our focus on the verticals where we see greatest growth potential.” (See ERJ report.)
For fiscal 2015, the company said: “Although market conditions in some emerging markets remain challenging, generally improved demand in developed economies is anticipated in F’15.
“The company expects to deliver underlying EBIT percentage growth in the mid to high 20s from successful acquisition integration, improving organic growth and delivery of restructuring and synergy benefits.
“F’15 EPS [earnings per share] is expected to be in the range of US$1.18 to US$1.26 up 7% –15% compared to underlying F’14 EPS.”