The ASX reporting wrap-up: Ansell, Kogan, Nanosonics

Just what the investor ordered. Here’s a recap of the companies that reported on Tuesday…

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Another day of reporting on the ASX has drawn to a close. That means it is time for us to summarise some of the big-name results that you might have missed on the ASX today.

We’ll quickly unpack today’s results and then wrap things back up for tomorrow:

Those that reported on the ASX today

Ansell Limited (ASX: ANN)

Shares in Ansell sank 9.2% after the personal protection equipment seller reported its FY21 full-year results. Despite reporting impressive metrics for FY21, the market focused on the forward guidance — with medical PPE expected to taper off.

The takeaway points:

  • Sales of approx. US$2 billion – up 25.6% on the prior corresponding period (pcp).
  • Earnings before interest and taxes (EBIT) jumped 56% to US$338 million.
  • Net profit after tax (NPAT) surged 57% on the pcp to US$248 million.
  • Basic earnings per share (EPS) of US$1.922 – up 60% on the pcp.
  • Full-year dividend of US76.8 cents per share (US43.6 cents final + US33.2 cents interim). This is 54% higher than the pcp and represents a dividend yield of 2.63%.

Kogan.com Ltd (ASX: KGN)

The Kogan share price went off the edge of an ASX cliff following its reporting of full-year results for FY21. Shares in the online retailer plummeted 15.8% lower following a significant reduction in earnings due to an increase in costs associated with logistics, acquisition, and management payments.

The takeaway points:

  • Gross sales increased 52.7% to $1,179 million
  • Revenue jumped 56.8% to $780.7 million
  • Gross profit rose 61% to $203.7 million
  • Adjusted net profit after tax up 43.2% to $42.9 million
  • Reported net profit after tax down 86.8% to $3.5 million
  • Kogan.com active customer base up 46.9% to 3,207,000, Mighty Ape up to 764,000
  • Cash balance of $12.8 million and no final dividend
  • Outlook: No guidance but poor start to FY 2022

Nanosonics Ltd. (ASX: NAN)

To end things on a positive note, the Nanosonics share price soared on the ASX today after the ultrasound probe disinfector manufacturer reported a rebound in performance in its full-year earnings for FY21. The news was met with euphoria, with the share price increasing 21.9%.

The takeaway points:

  • Revenue up 3% against the prior corresponding period (pcp) to $103.1 million.
  • Significant recovery in the FY21 second half, with revenue up 39% compared to the first half.
  • The global installed base rose 13% to 26,750 units.
  • Earnings before interest and tax was down 7% to $10.8 million.
  • Profit after income tax fell 15% to $8.6 million.

ASX shares reporting next week

It was another busy day on the ASX for reporting. However, tomorrow can lay claim to its own set of exciting companies that are slated to release full-year results.

Some of the big-name companies set to release their financials tomorrow include Afterpay Ltd (ASX: APT), Zip Co Ltd (ASX: Z1P), Whispir Ltd (ASX: WSP), Worley Ltd (ASX: WOR), WiseTech Global Ltd (ASX: WTC), and Lovisa Holdings Ltd (ASX: LOV).

To see the full line-up check out our ASX Reporting Season Calendar.

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Motley Fool contributor Mitchell Lawler owns shares in Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd and Nanosonics Limited. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd and Nanosonics Limited. The Motley Fool Australia has recommended Ansell Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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