In response to the COVID-19, Ansell Limited (ASX:ANN) mentioned that being a health and safety solutions provider it will produce protective products and distribute to the most needed areas.
Ansell stated that it has high demand for its hand and body protection products, examination gloves and surgical gloves. However, this demand is expected to be offset by falling demand for some industrial products.
As at 29 February 2020, ANN had ~$515 million of cash and committed undrawn bank facilities available along with no major debt maturities in the next 12 months.
ANN assured FY 2020 EPS guidance to lie in range from USD 112¢ to USD 122¢. The Company is likely to provide FY 2021 guidance in August.
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