Ansell reaffirms FY guidance

CEO warns of mixed global economic conditions; political, economic uncertainty.

Ansell (ANN) has reaffirmed its fiscal 2014 guidance despite warning of mixed global economic conditions.

Chief executive officer Magnus Nicolin told the group's annual general meeting that significant political and economic uncertainty is still limiting the pace of improvement, as noted in August.

Mr Nicolin reiterated guidance of growth in high single digits to low teens for earnings before interest and tax.

Earnings per share are set to rise between 5% and 11% to the range of 1.12 US cents to 1.18 US cents (1.18 cents to 1.24 cents), he said. 

Ansell is also on track to close the acquisition of Korean glove maker Midas this quarter, which is expected to be earnings per share neutral this financial year but accretive in future.

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