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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 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

Ontex H1 net profit up 11 pct at 65.7 mln euros
Thursday, 28 Jul 2016 

Ontex Group NV : Q2 revenue rose 19.3 percent to 510.2 million euros ($564.6 million) . H1 adjusted EBITDA increased by 12.2 pct yoy to 123.3 million euros . H1 adjusted net profit was 65.7 million euros, up 11.0 pct compared to last year . In second half we expect to deliver group revenue growth in line with our mid term model . Expect that second half 2016 revenue growth will be in our mid-term range of 4-6 pct like-for-like .Expects to have a group adjusted EBITDA margin for FY 2016 at least in line with FY 2015 (12.4 pct) on a much larger revenue base.  Full Article

Ontex comments on decision by Spanish Competition Authority regarding infringement proceedings
Tuesday, 31 May 2016 

Ontex Group NV: Ontex comments on the decision by the Spanish Competition Authority regarding infringement proceedings ."Ontex does not agree with the decision and will explore all appeal possibilities".  Full Article

BRIEF-Ontex FY Revenue Up At 2.36 Billion Euros

* FY REVENUE OF EUR 2.36 BILLION, UP 18.2% ON A REPORTED BASIS​