MELBOURNE, Australia—Ansell Ltd. has reported a strong half year with a 43 percent increase in earnings despite declining demand in Western Europe, Russia and Brazil.
The manufacturer of protective industrial and healthcare clothing issued its results for the six month period ending Dec. 31, showing a 20 percent increase in sales to $847.3 million from $703.6 million in the same period the year before.
Ansell's year-on-year earnings rose by 43 percent to $118.3 million from $82.7 million during the same period the previous year.
Magnus Nicolin, Ansell CEO and managing director, attributed the strong results to a number of well executed acquisitions, a focus on innovation, a new and more efficient structure.
“While the global economic environment continues to be very mixed we are benefiting from improving demand in the US economy,” Nicolin said in a statement.
He highted some emerging markets offset demand declines in continental Western Europe, Brazil and Russia.
The acquisition of BarrierSafe, he said, is delivering strong returns, significantly improving U.S. market presence.
BarrierSafe is a manufacturer of personal protective equipment under three industry leading brands: Microflex, High Five and Onguard.