Ansell says acquisitions help strong half-year results

Melbourne, Australia – Ansell Limited has registered a solid financial half-year with a 43-percent rise in its earnings despite declining demand in Western Europe, Russia and Brazil.

The manufacturer of protective industrial and healthcare clothing issued its results for the six month period ending 31 December 2014 which showed a sales rise of 20 percent to $847.3 million, from $703.6 million in the same period the year before.

Ansell’s year-on-year earnings rose by 43 percent to $118.3 million from $82.7 million during the same period the previous year.

According to Ansell CEO and managing director, Magnus Nicolin, the “excellent results” were to “a number of well executed acquisitions, a focus on innovation, a new and more efficient structure”.

“While the global economic environment continues to be very mixed we are benefiting from improving demand in the US economy,” said Nicolin.

He pointed out that some emerging markets offset demand declines in continental Western Europe, Brazil and Russia.

The acquisition of BarrierSafe, he said, is delivering strong returns, significantly improving “US market presence”.

BarrierSafe is a manufacturer of personal protective equipment under three industry leading brands: Microflex, High Five and ONGUARD.