Ontex announces details for Q1 2022 results publication and publishes restated 2021 financial data
Ontex Group NV will release its Q1 2021 results on May 12, 2022, at 07:00 CET, followed by a webcast for investors at 14:00 CET. Following its strategic review, Ontex will restructure its reporting to focus on 'Core Markets' and 'Emerging Markets.' The company plans to divest its Emerging Markets operations, now reported as discontinued. Restated revenue for Core Markets was €339.9 million in Q1 2021, and total group revenue reached €479.7 million. Adjusted EBITDA for Core Markets was €41.2 million, with an EBITDA margin of 12.1%. For more details, visit their website.
- Core Markets revenue in Q1 2021 reached €339.9 million, showing strong performance.
- Adjusted EBITDA for Core Markets was €41.2 million, reflecting a solid EBITDA margin of 12.1%.
- Company realigns its focus on core operational regions, potentially improving efficiency and profitability.
- Emerging Markets revenues have been continuously declining, leading to the decision to classify these as discontinued operations.
- Adjusted EBITDA for Emerging Markets turned negative in Q3 2021, indicating ongoing operational challenges in this sector.
AALST-EREMBODEGEM,
https://channel.royalcast.com/ontexgroup/#!/ontexgroup/20220512_1
A replay of the webcast will be available at the same link shortly after the conclusion of the live presentation, and remain available on the same link for one year.
Following its strategic review announced end of 2021,
Unaudited restated revenue and adjusted EBITDA figures of continuing and discontinued operations for the quarters of 2021 are presented below.
2021 (restated) |
Q1 |
Q2 |
Q3 |
Q4 |
FY |
||||||
Core Markets (continuing operations) |
|||||||||||
Revenue |
339.9 |
347.0 |
350.9 |
370.9 |
1,408.7 |
||||||
Adj. EBITDA |
41.2 |
43.5 |
40.9 |
30.7 |
156.3 |
||||||
Adj. EBITDA margin |
|
|
|
|
|
||||||
Emerging Markets (discontinued operations) |
|||||||||||
Revenue |
139.8 |
153.9 |
161.4 |
162.6 |
617.7 |
||||||
Adj. EBITDA |
8.4 |
7.9 |
(0.9) |
0.5 |
15.9 |
||||||
Adj. EBITDA margin |
|
|
(0.5)% |
|
|
||||||
Group (total – unchanged) |
|||||||||||
Revenue |
479.7 |
500.9 |
512.3 |
533.5 |
2,026.4 |
||||||
Adj. EBITDA |
49.6 |
51.4 |
40.0 |
31.2 |
172.2 |
||||||
Adj. EBITDA margin |
|
|
|
|
|
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