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Stock Stories

Flight Centre Travel Group (ASX: FLT)

Flight Centre Travel Group (FLT) produced a result in line with market expectations supported by solid profit growth from its America’s and Europe/Middle East/Asia (EMEA) businesses. While FLT’s Australian and New Zealand business did show revenue growth during the year, its profit was, as expected down. The results were adversely impacted by non-recurring system disruptions which impacted sales.

Looking forward, FLT reinforced its Transformational Program, which was launched in April 2017. The program is focused on cost and efficiency, rebranding and growth. FLT’s Transformational Program is targeted to deliver high single digit revenue growth, lower costs margins and higher net margins. The success of the Transformation Program is expected to deliver value to shareholders, along with continued growth from its America’s and EMEA businesses.

Ansell Ltd (ASX: ANN)

Global manufacturer of industrial and healthcare products Ansell Ltd (ANN) is well positioned to deliver shareholder value through its exposure to the US economy and emerging markets. Ansell is also well positioned to leverage its net cash balance sheet through value added acquisitions. The company recently released it FY18 results and updated its targeted financial goals for the year ahead which include, 3-5% organic growth, 5-10% EPS growth and strong cash flow generation.

Ansell manufactures and supplies high end protective gloves, HyFlex®, to US industries such as auto, chemical and metal fabrication, and is well placed to benefit from the solid growth in the US economy. Since its launch in 1996, HyFlex® has become the number selling industrial glove with its ergonomic design and protection features. HyFlex® puts Ansell at the forefront of the US’s resurgent economy.

Disclaimer: Please note that these are the views of the writer and not necessarily the views of Perennial. This promotional statement does not take into account your investment objectives, particular needs or financial situation.

Andrew King
aKing@perennial.net.au