Report
Chris Kallos, CFA
EUR 147.86 For Business Accounts Only

Ansell On Track to Meet Admittedly Wide Fiscal 2017 Guidance; Maintaining Fair Value Estimate

Ansell cited a moderate improvement in organic growth rates at today’s annual general meeting, despite a still-challenging economic environment. Although management indicated it is on track to meet medium-term goals, we remain cautious, given the still-wide EPS growth guidance range of between 4% and 17%. This was predicated on organic growth at the group level of between 2% and 4%, assuming continued subdued gross domestic product growth, and as expected, an increase in the reported tax rate fo...
Underlying
Ansell Limited

Ansell, along with its subsidiaries, is engaged in the development, manufacturing and sourcing, distribution and sale of gloves and protective personal equipment in the industrial and medical gloves market, as well as the sexual wellness category worldwide. Co. operates in four main business segments: Medical, which manufactures and markets surgical and examination gloves together with a range of healthcare safety devices; Industrial, which manufactures and markets hand and body protection solutions; Single Use, which provides single use industrial application gloves; and Sexual Wellness, which manufactures, sells and markets a range of branded condoms, lubricants, devices and fragrances.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Kallos, CFA

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