Ansell organic sales growth increases

Protective clothing and condom maker Ansell’s sales grew by 3 per cent in the first quarter, the company confirmed at its annual general meeting update yesterday.

The Business Spectator reports that the company also reaffirmed an earnings per share guidance increase of up to 15 per cent for fiscal 2015. In addition, Ansell is expecting earnings growth before interest and tax to be around 25 per cent or above.

Ansell said North American demand is improving, but there is weakness in its markets in Europe, the Middle East and West Africa.

In June, Ansell announced a $US125 million ($A135.24 million) global restructure which included the transfer of the Australian headquarters of its sexual health division to Brussels; the cutting of 100 products; and the axing of 300 jobs.