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London, United Kingdom ( PressReleaseCollection ) March 04 ,2009 – SSL International PLC (SSL) has recently released details on their diverse company portfolio, which includes global brands, Durex and Scholl. As well as locally owned companies, such as Meltus, Medised and Syndol in the UK and Sauber Mister Baby in Southern Europe.

Charles Street Securities LLP Director Andrew Dyer explained this week “In an interim result for the six months ended September 2008, SSL saw sales grow 10%. This growth was driven by strong performances from the three major categories: Durex, Scholl footcare and Scholl footwear. Durex branded condom sales climbed by 10% thanks to continued strong growth in the UK, France, Eastern Europe, Russia and China. The ‘Play’ range rose by 27.3% to £21m. Scholl footcare sales were up 15.1%, to £84.4m on the back of strong performances from Scholl Cracked Heel Repair Cream and Scholl pharmacy ranges in France and Germany. Scholl footwear sales increased by 9.5% to £42.8m driven by excellent growth in the Asia Pacific region and the integration of the Orthaheel orthotic footwear and insoles business, which was acquired in November 2007. SSL is confident it will achieve double digit operating profit growth by March 2009 by investing in innovative new product developments, expanding distribution into new and developing territories and continued focus on cost control.”

SSL restructured the European supply chain by transferring production to the company’s existing facilities in Thailand and India. This rationalisation of manufacturing capacity saw SSL’s gross profit margin hit 60.8% compared with 60.3% in prior year. The improvement was also supplemented by profit generation from Durex, Scholl and other brands. Weakness in the pound against dollar and euro will also improve operating margins.

On daily chart, SSL is trading near strong resistance of 500.0p and has not broken this resistance on the last three upside rallies. Over the short term stock has broken the down trend line indicating bullish signal. Moving average convergence/divergence (MACD) is positive and 12-day Exponential moving average (EMA) has cross above 26-day EMA indicating a weak buy signal. 14-day Relative strength index (RSI) is above 50.0 showing strength in trend, stochastic is above 80 indicating some consolidation is expected. For an upside rally stock has to sustain above 500.0p level, support can be found for the stock around 450.0p.

For additional information please contact CSS Partners via: www.csspartners.co.uk

Contact:

Andrew Dyer
Apex House, 18-20 Appold Street, London EC2A 2AS, United Kingdom
Ph no: +44 (0)20 7422 1800.

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