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Ontex Group NV (ONTEX.BR)
- GlobeNewswire
Ontex finalizes the divestment of its business in Pakistan
Aalst, Belgium, June 3, 2024 – Ontex Group NV [EURONEXT: ONTEX], a leading international developer and producer of care products and solutions, announces that it has completed the divestment of its business in Pakistan to ASAIA Holding FZ. The transaction includes Ontex’s plant and business in Pakistan. Gustavo Calvo Paz, CEO of Ontex, said: "I am pleased that we closed this divestment, allowing us to strengthen our focus on our core retail brand and healthcare markets. I would like to thank the
- GlobeNewswire
Ontex launches Stop&Lock Anti-Leak technology for enhanced baby comfort and protection
Ontex Stop&Lock Anti-Leak technology Ontex Stop&Lock Anti-Leak techology Aalst, Belgium, May 24, 2024 – Ontex Group NV [EURONEXT: ONTEX], a leading international developer and producer of personal care solutions, is proud to announce the introduction of its innovative Stop&Lock Anti-Leak technology in baby care. The Ontex innovation entails the introduction of front and back barriers in newborn and mini sizes of baby diapers, which Ontex produces for retailer partners. Ontex Stop&Lock Anti-Leak
- GlobeNewswire
Strong Q1 2024 results with continued revenue growth and margin improvement
Revenue grew 4% like for like, driven by volumes in North America;Adjusted EBITDA margin rose 2.4pp to 11.5%, fueled by cost transformation program;Leverage ratio reduced from 3.3x to 2.8x over quarter;Full year outlook confirmed. Q1 2024 results Revenue [1] was €460 million, up 4% like for like. Volume and mix was up 5%, driven by double-digit growth in North America and other selected categories. Prices were down slightly on the basis of lower raw material prices. Including slightly adverse fo
