Ansell – FY20 Earnings

Ansell is under Algo Engine buy conditions and is a current holding in our ASX 100 model.

FY20 earnings showed revenue up 8% to US$1.64bn, and EBIT up 4% to US$220m. The company upgraded FY21 guidance for 8% underlying EPS growth.

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ANN should continue to see strong top line growth and we recommend investors add to the position on the next Algo Engine buy signal.

Forward dividend yield is 2.2%.

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