10.27.23
Ontex’s revenue of Core Markets was €457 million ($482 million), up 10% like for like versus Q3 2022. Prices were up 8% year on year and remained in line with H1. Volume and mix were up 3% year on year, driven by adult care sales in Europe, and baby pants in North America. Including a 5% adverse forex effect, total revenue was up 6% year on year.
Baby Care revenue was up 4% to €202.3 million ($213.4 million); Adult Care revenue was up 8% to €185 million ($195 million); and Feminine Care revenue was up 7% to €61 million ($64.3 million).
Gustavo Calvo Paz, Ontex’s CEO, says: “The excellent set of numbers we have posted for Q3 represent another very encouraging quarter in Ontex’s turnaround. I am particularly pleased that the Group’s leverage has now recovered to less than half of the peak of a year ago, and on track to meet our ambitions, on the back of the increase in EBITDA. Against this backdrop, we have accelerated our core market investment plans which are key to operational excellence, margin improvement and driving future growth.”
Baby Care revenue was up 4% to €202.3 million ($213.4 million); Adult Care revenue was up 8% to €185 million ($195 million); and Feminine Care revenue was up 7% to €61 million ($64.3 million).
Gustavo Calvo Paz, Ontex’s CEO, says: “The excellent set of numbers we have posted for Q3 represent another very encouraging quarter in Ontex’s turnaround. I am particularly pleased that the Group’s leverage has now recovered to less than half of the peak of a year ago, and on track to meet our ambitions, on the back of the increase in EBITDA. Against this backdrop, we have accelerated our core market investment plans which are key to operational excellence, margin improvement and driving future growth.”