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Ontex Group NV (ONTEX.BR)

ONTEX.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ontex Group Provides An Update On Its Strategy
Wednesday, 8 May 2019 01:30am EDT 

May 8 (Reuters) - ONTEX GROUP NV ::FULL PAYBACK OF T2G INVESTMENT EXPECTED BY END OF 2022.2020-2021 OUTLOOK: LIKE-FOR-LIKE REVENUE* OUTPERFORMING THE MARKETS IN WHICH WE OPERATE BY AT LEAST 50BPS.UPDATES ITS STRATEGY.2021 OUTLOOK: EBITDA MARGIN IMPROVEMENT AT CONSTANT CURRENCY COMPARED WITH 2018: +125BPS TO +175BPS.2021 OUTLOOK: WORKING CAPITAL IMPROVEMENT COMPARED WITH 2018: 10%.2021 OUTLOOK: CAPITAL EXPENDITURE: 4% TO 5% OF REVENUE.2021 OUTLOOK: CASH FLOW CONVERSION: C. 55% TO 65%.STRATEGIC PRIORITY TO STRENGTHEN CURRENT LEADERSHIP POSITIONS IN ITS THREE DIVISIONS (EUROPE, AMERICA MIDDLE EAST AFRICA ASIA AND HEALTHCARE).STRATEGIC PRIORITY TO EXPAND INTO NEW BUSINESSES AND GEOGRAPHIES IN CORE CATEGORIES (NORTH AMERICA, ONLINE SALES, ACQUISITIONS).  Full Article

Ontex Q1 Revenue Drops To 546.2 Million Euros
Wednesday, 8 May 2019 01:30am EDT 

May 8 (Reuters) - ONTEX GROUP NV ::ONTEX Q1 2019: RESILIENT PERFORMANCE, IN LINE WITH EXPECTATIONS.Q1 ADJUSTED EBITDA SUPPORTED BY COST SAVINGS AND PRICE/MIX ACTIONS.Q1 REPORTED REVENUE WAS EUR 546.2 MILLION, DOWN 2.1%.IN 2019 WE ANTICIPATE CONTINUED, BUT STABILIZING, RAW MATERIAL AND FX HEADWINDS.IN 2019 PRICING, MIX IMPROVEMENT AND COST SAVINGS ACTIONS SHOULD ATTAIN THEIR FULL EFFECT IN SECOND HALF OF YEAR..IN 2019 CAPEX OF 4.5% TO 5.0% OF REVENUE EXCLUDING T2G-SPECIFIC CAPEX.FOR 2019 STABLE ADJUSTED EBITDA AT CONSTANT FX.FOR FY 2019 SEES BROADLY STABLE SALES AT CONSTANT FX, WITH TOP-LINE GROWTH IN DEVELOPING MARKETS AND LOWER REVENUE IN DEVELOPED MARKETS.  Full Article

Ontex Q3 Adjusted EBITDA At 58.1 Million Euros
Wednesday, 7 Nov 2018 01:00am EST 

Nov 7 (Reuters) - ONTEX GROUP NV ::REMAINS ON TRACK TO RECORD LOW SINGLE-DIGIT LFL GROWTH FOR FULL YEAR 2018 IN BROADLY FLAT HYGIENE MARKETS.EXPECTS Q4 2018 ADJUSTED EBITDA MARGIN TO BE BROADLY SIMILAR TO THAT IN 9M 2018.ACTIONS TO ENHANCE PRICE/MIX AND COST SAVING INITIATIVES TO CONTINUE AND FURTHER VALUE-CREATING ACTIONS WILL BE CONSIDERED AS REQUIRED.Q3 ADJUSTED EBITDA OF EUR 58.1 MILLION, ADJUSTED EBITDA MARGIN OF 10.3% (11.0% EX BRAZIL).Q3 LIKE-FOR-LIKE (LFL) REVENUE GREW 3.0% EX BRAZIL DRIVEN BY POSITIVE PRICE/MIX.Q3 LIKE FOR LIKE GROUP REVENUE UP 0.8%; FX HEADWIND OF EUR 25.5 MILLION.  Full Article

Ontex Group Announces Transfer And Consolidation Of Production In Brazil
Tuesday, 22 May 2018 02:00am EDT 

May 22 (Reuters) - ONTEX GROUP NV ::ANNOUNCES TRANSFER AND CONSOLIDATION OF PRODUCTION IN BRAZIL TO ITS SENADOR CANEDO UNIT.THIS IS EXPECTED TO RESULT IN ANNUALIZED RECURRING EBIT SAVINGS OF EUR 7 MILLION..CHANGE WILL OCCUR THROUGH Q3 OF 2018.TRANSFER TO RESULT IN NON-RECURRING PRE-TAX CHARGE IN 2018 OF UP TO EUR 30 MILLION.ABOUT EUR 10 MILLION OF THE NON-RECURRING PRE-TAX CHARGE WILL BE CASH COST.  Full Article

Ontex FY Revenue Up At 2.36 Billion Euros
Tuesday, 6 Mar 2018 01:00am EST 

March 6 (Reuters) - ONTEX GROUP NV ::ONTEX FY 2017 RESULTS.FY REVENUE OF EUR 2.36 BILLION, UP 18.2% ON A REPORTED BASIS​.FY ADJUSTED EBITDA OF EUR 266.4 MILLION WAS 7.1% HIGHER YOY,.AIMS TO ACHIEVE SUSTAINABLE IMPROVEMENTS IN OUR BRAZIL BUSINESS IN 2018.‍ONTEX BRAZIL FY ADJUSTED EBITDA MARGIN OF 3.8%, HIGHLY IMPACTED BY EXCEPTIONAL EUR 15 MILLION CHARGE IN DEC 2017.ON TOP LINE, WE EXPECT A LOW SINGLE-DIGIT LFL REVENUE GROWTH IN BROADLY FLAT HYGIENE MARKETS.FOR 2018 AIMS TO ACHIEVE SUSTAINABLE IMPROVEMENTS IN OUR BRAZIL BUSINESS.FY PROFIT FOR THE PERIOD EUR 128.4 MILLION VERSUS EUR 119.7 MILLION YEAR AGO.WE ANTICIPATE A SEQUENTIAL IMPROVEMENT IN ADJUSTED EBITDA MARGINS IN H2.‍PROPOSES TO PAY AGROSS DIVIDEND OF EUR 0.60 PER SHARE FOR FY, AN INCREASE OF EUR 0.05 PER SHARE​.IN CHALLENGING MARKETS, WE EXPECT A BETTER BALANCE BETWEEN TOP LINE AND PROFITABILITY IN 2018.‍ON TOP LINE, WE EXPECT LOW SINGLE-DIGIT LFL REVENUE GROWTH IN BROADLY FLAT HYGIENE MARKETS IN 2018​.OUR LONG-TERM OBJECTIVES REMAIN FULLY INTACT..‍AFTER LOWER H1, WE ANTICIPATE A SEQUENTIAL IMPROVEMENT IN ADJUSTED EBITDA MARGINS IN H2.  Full Article

Ontex Group Q3 adjusted EBITDA up at 68.2 million euros ​
Wednesday, 8 Nov 2017 01:00am EST 

Nov 8 (Reuters) - ONTEX GROUP NV ::‍EXPECT TO CONTINUE TOP-LINE OUTPERFORMANCE IN OUR MARKETS IN Q4​.‍ADULT INCO WILL CONFIRM AN ANNUAL RUN RATE OF EUR 2.4 BILLION REVENUE​.‍ANTICIPATE PRESSURE IN BRAZIL WILL CONTINUE​.BRAZIL TOGETHER WITH FX AND COMMODITIES HEADWINDS, WILL PUT OUR Q4 MARGINS SLIGHTLY BELOW Q3.​.ACTIONS TAKEN TO INCREASE GROUP-WIDE CAPACITY OF MARGIN-ACCRETIVE PRODUCTS AND TO IMPLEMENT INTEGRATION PLAN IN BRAZIL, EXPECTED TO START SHOWING BENEFITS DURING H2 2018​.‍Q3 2017 REPORTED REVENUE INCREASED 16.1%​.‍ONTEX Q3 2017 ADJUSTED EBITDA MARGINS LOWER, IMPACTED BY RAW MATERIALS, BRAZIL AND FX​.‍Q3 2017 REVENUE WAS EUR 592.4 MILLION​.‍ Q3 2017 ADJUSTED EBITDA INCREASED BY 7.9% YOY TO EUR 68.2 MILLION​.‍Q3 2017 ADJUSTED EBITDA MARGIN OF 11.5%​.‍ Q3 2017 NET FOREIGN EXCHANGE (FX) IMPACTS OF -EUR 6.0 MILLION ON REVENUE AND -EUR 2.2 MILLION ON ADJUSTED EBITDA​.‍NET DEBT WAS EUR 751.1 MILLION AS OF SEPTEMBER 30, 2017​.‍REFINANCING OF GROUP'S DEBT EXPECTED TO BE FINALIZED BEFORE END OF 2017​.‍GROUP'S DEBT ANTICIPATED TO REDUCE NET FINANCE EXPENSES BY MORE THAN EUR 7 MILLION PER YEAR FROM 2018 ON A PRE-TAX BASIS​.‍FOREIGN EXCHANGE HEADWINDS AND A TEMPORARY ADVERSE RESULT IN OUR NEW BRAZIL BUSINESS HAVE LED TO LOWER MARGINS - CEO​.  Full Article

Ontex announces redemption of outstanding senior secured notes due 2021
Friday, 3 Nov 2017 03:00am EDT 

Nov 3 (Reuters) - ONTEX GROUP NV ::ONTEX ANNOUNCES REDEMPTION OF €250M 4.75% SENIOR SECURED NOTES DUE 2021.‍ANNOUNCES REDEMPTION OF SENIOR SECURED NOTES ON NOV 15.  Full Article

Ontex Group H1 adjusted net profit of EUR 71.5 million, up 8.8% yoy
Thursday, 27 Jul 2017 01:00am EDT 

July 27 (Reuters) - ONTEX GROUP NV : :‍H1 REPORTED REVENUE UP 22%: LFL REVENUE GROWTH IN ALL 5 DIVISIONS AND 3 CATEGORIES​.H1 ‍ADJUSTED EBITDA INCREASED BY 17.4% YOY TO EUR 144.7 MILLION​.H1 ADJUSTED NET PROFIT OF EUR 71.5 MILLION WAS UP 8.8% YOY.H1 REVENUE WAS EUR 1.17 BILLION, UP 22.0% ON A REPORTED BASIS.NET DEBT WAS EUR 743.9 MILLION AS OF JUNE 30, 2017.RECENT ACQUISITION OF ONTEX BRAZIL IS ANTICIPATED TO PERFORM IN LINE WITH OUR EXPECTATIONS FOR 2017​.WE EXPECT TO GROW REVENUE AHEAD OF OUR MARKETS FOR FULL YEAR 2017.WE EXPECT THAT PRICES FOR OUR MAIN COMMODITY RAW MATERIALS WILL CONTINUE TO BE A HEADWIND FOR REST OF 2017 COMPARED TO PREVIOUS YEAR.  Full Article