03.08.18
While the company’s recent acquisition of Hypermarcas in Brazil has temporarily impacted earnings growth, Ontex has reported topline growth across all three of its major categories—baby care, feminine hygiene and adult incontinence—for the full year 2016. Thanks to strong demand for its products, sales grew €2.36 billion, up 18.2% from the prior year, or 5.5% organically.
“Our teams delivered strong like-for-like revenue in 2017, ahead of our markets despite very competitive conditions. This growth is across all three categories, and we gained share in most of our markets, including our leading position in European retailer brands,” says CEO Charles Bouaziz. “Our efforts to drive this strong revenue growth to adjusted EBITDA largely mitigated significant input cost and FX headwinds and capacity constraints.”
Amidst this growth, Ontex’s profitability was negatively impacted by Hypermarcas, the Brazilian hygiene company it acquired last year. This business was not only impacted by challenging market conditions but also by customer discounts that
“Our teams delivered strong like-for-like revenue in 2017, ahead of our markets despite very competitive conditions. This growth is across all three categories, and we gained share in most of our markets, including our leading position in European retailer brands,” says CEO Charles Bouaziz. “Our efforts to drive this strong revenue growth to adjusted EBITDA largely mitigated significant input cost and FX headwinds and capacity constraints.”
Amidst this growth, Ontex’s profitability was negatively impacted by Hypermarcas, the Brazilian hygiene company it acquired last year. This business was not only impacted by challenging market conditions but also by customer discounts that
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