Ansell sees sales fall 10% in 12 months to June

ERJ staff report (DS)

Melbourne, Australia -- Ansell has reported profits (EBIT) of Aus$ 123.5 million (euro 71.7 million) on sales of Aus$1245 million for the 12 months ended 30 June 2009. Sales were down by 8.6 percent, while EBIT fell by 15.3 percent on the previous year.

“F'09 performance decelerated from November 2008 onwards. The global recession impacted sales and profitability in our Occupational business and resulted in a build up of inventory at the end of the first half. The second half saw a focus on reducing this excess inventory and as of 30 June, 2009, this goal had been achieved. Despite the difficult environment, our financial discipline helped us to steadily improve our accounts receivables metrics and deliver our best year of free cash flow generation” said Ansell's CEO, Mr. Doug Tough.

The company said global exam glove volumes fell by 16 percent due to ongoing product rationalisation in the Americas. it added that Surgical glove volumes were flat overall, with solid EMEA growth, and product mix improved as growth in higher end synthetics and powder free gloves was offset by a decline in powdered gloves.

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Press release from Ansell