• Double-digit organic constant currency sales and EBIT growth
• KBU acquisition integration on track, synergies ahead of plan
• Accelerated Productivity Investment Program delivering targeted savings

Ansell Limited (ASX:ANN) has announced its financial results for the half year ended 31 December 2024, reporting double-digit organic constant currency sales and EBIT growth. Key highlights include:- Sales of $1,019.7m, representing 12.5% organic constant currency growth, including 7.4% organic constant currency growth from the KBU acquisition.- EBIT of $127.4m, up 20.9% on an organic constant currency basis, driven by higher sales, improved manufacturing utilization, and increased savings from the Accelerated Productivity Investment Program (APIP).- Adjusted EPS of US55.7¢, excluding significant items.- Operating cash flow of $53.5m, with cash conversion of 104%, driving a reduction in pro forma net debt/EBITDA to 1.6x.- The KBU acquisition integration is progressing ahead of plan, with the business performing well and on track to complete integration and exit transitional service arrangements by the end of FY25.- The APIP program is delivering targeted savings, with $22m in savings realized in FY25 H1.Based on the strong first-half performance and outlook, Ansell has increased its FY25 Adjusted EPS guidance range from US110¢ to US127¢, to US118¢ to US128¢. The company expects continued organic constant currency sales growth in FY25 H2, albeit at a slower pace than H1, and earnings to be supported by pricing actions, reduced air freight usage, and initial KBU cost synergies.

FY25 Adjusted EPS guidance range increased from US110¢ to US127¢, to US118¢ to US128¢. APIP savings of ~$45m, book tax rate of 23% to 24%, net interest cost of $40m to $45m, one-off pre-tax costs of ~$55m, and capex of $60m to $70m.

Ansell expects continued organic constant currency sales growth in FY25 H2, albeit slower than H1, with earnings supported by pricing actions, reduced air freight usage, and initial KBU cost synergies. The company remains cautious on muted manufacturing demand conditions and the impact of trade policy changes, but is optimistic about the opportunities provided by its balanced end market exposure and diversified global supply chain.