| CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: PERSONAL GOODS |
Acquisitions boost SSL revenues |
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Fri 26 Mar 2010
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LONDON (SHARECAST) - Footwear and condom group SSL expects sales this year to March to come in at about £795m, up 22% and driven by the acquisitions of BLBV in Russia and Gainbridge in the Ukraine.
Both acquisitions continue to perform well, SSL said, and sales consolidated in this year are expected to be in the region of £120m. SSL's branded consumer sales are expected to be approximately £630m or underlying growth of around 4% adjusting for currencies.
Sales of Durex branded condoms were notable in particular in China, Poland and Germany; and there was a strong performance in the Durex Play range. Scholl footcare did well in Japan, France and Germany, but struggled in Italy.
"The performance this year has been encouraging despite the challenging economic environment in the UK and Italy. Our core branded business continues to show good like for like growth with strengthening positions in both developed and emerging markets,” Garry Watts, chief executive, commented.
“We continue to be confident in our 50% EPS growth target over the three years to March 2012," he added.
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