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.

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%.