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CSL Ltd. — Capital/Financing Update 2012
Nov 26, 2012
17854_rns_2012-11-26_524f82be-7eb3-4e81-8ef4-8e8e46dea29f.pdf
Capital/Financing Update
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For immediate release 27 November 2012
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CSL Lifts Profit Guidance
CSL Limited (ASX:CSL) today announced a revised US Dollar profit outlook for fiscal 2013. The Company now expects net profit after tax to grow by approximately 20% at constant currency[1] , despite competitive business conditions.
In August this year the Company reported a net profit after tax of US$1,024m and provided guidance that it expected profit to grow approximately 12% during fiscal 2013. Today’s revised outlook has been issued immediately following a newly compiled financial forecast.
Dr Brian McNamee, CSL’s Managing Director, said “I am pleased to report an improved company outlook for the financial year, largely underpinned by the performance of CSL Behring. A number of factors have contributed including a higher level of sales, a better sales mix and improved efficiencies across the supply chain. Also contributing to the better outlook is higher than anticipated royalty income from sales of GARDASIL[®] .”
Earnings per share growth will exceed profit growth expectations as shareholders benefit from the ongoing effect of share buybacks.
In compiling the Company’s financial forecasts for the year ending 30 June 2013 a number of key variables which may have a significant impact on guidance have been identified and these have been included in the footnote[2] below.
For more information about CSL Limited, visit www.csl.com.au
Media: Investors: Sharon McHale Mark Dehring Senior Director Public Affairs Head of Investor Relations CSL Limited CSL Limited Phone: +613 9389 1506 Telephone: +613 9389 2818 Mobile +614 0997 8314 Email: [email protected] Email: [email protected]
1 Constant currency removes the impact of exchange rate movements to facilitate comparability. See full year results announcement at www.csl.com.au/investor for further detail.
2 Key variables which may have a significant impact on guidance include material price and volume movements in plasma products, competitor activity, changes in healthcare regulations and reimbursement policies, royalties arising from the sale of Human Papillomavirus Vaccine, internationalisation of the Company’s influenza vaccine sales and plasma therapy life cycle management strategies, enforcement of key intellectual property, regulatory risk, litigation, the effective tax rate and foreign exchange movements.
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