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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 H1 Adjusted Ebitda Down At 117.7 Million Euros
Thursday, 26 Jul 2018 

July 26 (Reuters) - Ontex Group NV ::ONTEX H1 2018: SOLID PROGRESS AGAINST 2018 PRIORITIES.H1 GROWING SHARE IN CORE MARKETS WITH OUR ROBUST PORTFOLIO: LFL EX BRAZIL +2.2%.EXECUTION OF COMPREHENSIVE BRAZIL TURNAROUND PLAN ON TRACK.H1 LIKE-FOR-LIKE (LFL) REVENUE GROWTH OF 2.2% EX BRAZIL ON HIGHER VOLUMES AND POSITIVE PRICE/MIX.H1 ADJUSTED EBITDA EUR 117.7 MILLION VERSUS EUR 144.7 MILLION YEAR AGO.H1 ADJUSTED EPS OF €0.70 SUPPORTED BY BENEFITS OF THE 2017 REFINANCING AND A LOWER TAX RATE.WE AIM TO OUTPERFORM OUR MARKETS BY DELIVERING A LOW SINGLE-DIGIT LFL REVENUE GROWTH FOR 2018.WE ANTICIPATE THAT ADJUSTED EBITDA MARGINS WILL IMPROVE IN H2.  Full Article

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

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European shares flat amid trade and emerging market worries

LONDON European shares ended little changed on Monday as worries about U.S. trade policy and concern over emerging markets weighed on stocks after Asian markets closed lower.