Ansell reports strong growth in full year

ERJ staff report (DS)

Melbourne, Australia -- Ansell has announced a full year profit of US$106.2m, an 18 percent increase on the previous year's US$90.2m. Sales rose by 8 percent in US dollar terms, to US$ 1086.2 million, but fell by 9 percent in Australian dollar terms, to A$1230.6 million.

Ansell's CEO Magnus Nicolin commented “F'10 has, for Ansell, turned out to be better than expected. Sales were up solidly across all our businesses with Occupational and Professional growing strongly at the EBIT line as well. Consumer was disappointing but plans are in place to turn this around.

In the professional healthcare segment, Ansell said, "Sales grew 6 percent year on year with strong contributions from synthetic surgical gloves (up 16 percent) and powder-free surgical gloves (up 7 percent). Low margin powdered gloves continue to be de-emphasised in favour of powder-free and synthetics.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Ansell