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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)

Pai Partners Updates On The Proposed Acquisition Of Ontex Group
Monday, 9 Jul 2018 

July 9 (Reuters) - PAI PARTNERS::PAI PARTNERS UPDATES ON THE PROPOSED ACQUISITION OF ONTEXGROUP NV <<>>.PAI PARTNERS SAYS FOLLOWING THE REJECTION OF THE INITIAL NON-BINDING PROPOSAL BY ONTEX GROUP, PAI INCREASED, ON 6 JULY 2018, THE PRICE OF ITS NON-BINDING PROPOSAL TO EUR 27.5 PER SHARE..PAI PARTNERS CONFIRMS IT HAD SUBMITTED TO THE BOARD OF DIRECTORS OF ONTEX GROUP A NON-BINDING ALL-CASH PROPOSAL TO ACQUIRE 100% OF THE SHARE CAPITAL.FOLLOWING THE COMPLETION OF DUE DILIGENCE EXERCISE, FURTHER CONTACTS WITH ONTEX AND ANY OTHER, PAI WILL DETERMINE WHICH POSITION TO ADOPT - PAI PARTNERS.  Full Article

Pai Partners Updates On Proposed Acquisition Of Ontex Group
Monday, 9 Jul 2018 

July 9 (Reuters) - ONTEX GROUP NV ::PAI PARTNERS UPDATES ON THE PROPOSED ACQUISITION OF ONTEXGROUP NV .PAI PARTNERS CONFIRMS IT HAD SUBMITTED TO THE BOARD OF DIRECTORS OF ONTEX GROUP A NON-BINDING ALL-CASH PROPOSAL TO ACQUIRE 100% OF THE SHARE CAPITAL.FOLLOWING THE REJECTION OF THE INITIAL NON-BINDING PROPOSAL BY ONTEX GROUP, PAI INCREASED, ON 6 JULY 2018, THE PRICE OF ITS NON-BINDING PROPOSAL TO EUR 27.5 PER SHARE..FOLLOWING THE COMPLETION OF DUE DILIGENCE EXERCISE, FURTHER CONTACTS WITH ONTEX AND ANY OTHER, PAI WILL DETERMINE WHICH POSITION TO ADOPT - PAI PARTNERS.  Full Article

Ontex FY Revenue 2.35 Billion Euros
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Ontex Group Nv ::ONTEX 2017 TRADING UPDATE.SEES FY REVENUE EUR 2.35 BILLION.SEES Q4 LIKE-FOR-LIKE REVENUE GROWTH OF 7.2%​.FULL YEAR REVENUE IS EXPECTED TO BE EUR 2.35 BILLION, WITH LFL REVENUE GROWTH OF 5.5%..‍ONTEX BUSINESS EXCLUDING BRAZIL HAD AN ADJUSTED EBITDA MARGIN OF C.12.0% FOR FULL YEAR 2017​.SAYS IN BRAZILIAN BUSINESS ADJUSTMENT ESTIMATED AT EUR 15 MILLION CHARGED TO REVENUE AND ADJUSTED. EBITDA IN DEC​.‍BRAZILIAN BUSINESS: NEGATIVE ADJUSTED EBITDA MARGIN FOR BRAZILIAN BUSINESS IN Q4 2017​.‍BRAZILIAN BUSINESS: EBITDA MARGIN OF 3.8% FOR PERIOD MARCH TO DECEMBER 2017​.‍ONTEX GROUP ADJUSTED EBITDA FOR FY 2017 IS AN ESTIMATED EUR 266 MILLION​.SEES ONTEX GROUP ADJUSTED EBITDA MARGIN FOR FY 2017 OF APPROXIMATELY 11.3%​.‍SEES Q4 2017 ADJUSTED. EBITDA MARGIN OF 9.1%, WHICH IS BELOW OUTLOOK​.‍FOR FULL YEAR 2018, WE EXPECT FURTHER LFL REVENUE GROWTH IN HIGHLY COMPETITIVE MARKETS​.‍COMMODITY HEADWINDS AND INCREASED SUPPLY CHAIN COSTS WILL CONTINUE TO NEGATIVELY IMPACT H1 2018​.‍EFFECT OF ACTIONS, INCLUDING BRAZIL, EXPECTED TO BECOME INCREASINGLY VISIBLE IN PROFITABILITY IN H22018​.  Full Article

Ontex Group Q3 adjusted EBITDA up at 68.2 million euros ​
Wednesday, 8 Nov 2017 

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 

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

Deals of the day-Mergers and acquisitions

July 9 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: