STOCK TITAN

Ontex announces details for Q1 2022 results publication and publishes restated 2021 financial data

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

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.

Positive
  • 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.
Negative
  • 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, Belgium--(BUSINESS WIRE)--

Regulatory News:

Ontex Group NV (BSE:ONTEX), a leading international provider of personal hygiene solutions, will release its Q1 2021 results at 07:00 CET / 06:00 GMT on Thursday, May 12, 2022. Management will host a webcast for investors and analysts on the same day at 14:00 CET / 13:00 GMT. Click on the link below to attend the presentation from your laptop, tablet or mobile device.

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, Ontex will align its 2022 reporting structure and has restated 2021 financial data accordingly. “Core Markets” encompass Europe, North America and some smaller partner and healthcare brand businesses elsewhere. These businesses form the core of Ontex’s activities and will be reported as continuing operations. “Emerging Markets” are primarily driven by own brands and essentially groups the Central and South American activities, as well as those in the Middle East and Africa. Ontex has announced it will pursue divestment opportunities for these and will thereby report these as assets held for sale and discontinued operations.

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

 

12.1%

 

12.5%

 

11.7%

 

8.3%

 

11.1%

 

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

 

6.0%

 

5.1%

 

(0.5)%

 

0.3%

 

2.6%

 

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

 

10.3%

 

10.3%

 

7.8%

 

5.9%

 

8.5%

 

About Ontex

Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex’s innovative products are distributed in more than 110 countries through leading retailer brands, lifestyle brands and Ontex brands. Employing some 9,000 people all over the world, Ontex has a presence in 21 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid®. To keep up with the latest news, visit ontex.com or follow Ontex on LinkedIn, Facebook, Instagram and YouTube.

Enquiries

Investors Geoffroy Raskin +32 53 33 37 30 investor.relations@ontexglobal.com

Media Caroline De Wolf +32 478 93 43 93 corporate.communications@ontexglobal.com

Source: Ontex

FAQ

What time will Ontex Group NV release its Q1 2021 results?

Ontex Group NV will release its Q1 2021 results on May 12, 2022, at 07:00 CET.

When is the Ontex Group NV investor webcast scheduled?

The investor webcast for Ontex Group NV will take place on May 12, 2022, at 14:00 CET.

What is Ontex Group NV's revenue for Q1 2021?

Ontex Group NV reported a revenue of €339.9 million for Core Markets in Q1 2021.

What is Ontex Group NV's adjusted EBITDA for Core Markets?

The adjusted EBITDA for Ontex Group NV's Core Markets was €41.2 million in Q1 2021.

What changes has Ontex Group NV made to its operational reporting?

Ontex Group NV has restructured its reporting to focus on Core Markets and Emerging Markets, with a divestment strategy for the latter.

Ontex Group

OTC:ONXYY

ONXYY Rankings

ONXYY Latest News

Nov 10, 2022
Ontex Q3 2022 Results:

ONXYY Stock Data

691.53M
61.84M
Household & Personal Products
Consumer Defensive
Link
Belgium
Aalst