Ansell Ltd

ANN: XASX (AUS)
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A$41.30WnqrtnJmsdhdbbvm

Ansell Holds Fiscal 2020 Guidance Despite Weak Global Manufacturing Trends, Maintains AUD 32 FVE

In the business update provided at its annual general meeting, narrow-moat Ansell maintained its EPS guidance range of 112 U.S. cents to 122 U.S. cents for fiscal 2020 despite the ongoing deterioration in the global manufacturing cycle and foreign exchange headwinds from a strong U.S. dollar. Our forecast of 115 U.S. cents per share is within this range and we maintain our AUD 32 fair value estimate based on a U.S. dollar to Australian dollar Australian dollar exchange rate of 0.69.

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