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Ontex Revenues Up 23%

First quarter financials include a full quarter’s contribution from Grupo Mabe and one month from its Brazilian unit

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Ontex’s Q1 2017 Group revenue was €556.9 million ($605.8 million). On a reported basis, revenue grew by 23.1% compared to last year including a full quarter’s contribution from Grupo Mabe, and one month of Ontex Brazil.  Excluding the impact of these two acquisitions and FX, revenue grew +3.6% on a LFL basis, with higher revenue in all five Divisions.

In the Babycare segment, Q1 2017 category revenue was 34.3% higher compared to Q1 2016 on a reported basis including the incremental contributions from Grupo Mabe and Ontex Brazil, and 4% higher on a LFL basis, with growth in both developed and developing markets.

Femcare category revenue in Q1 2017 was up 7.5% on a reported basis, including Grupo Mabe and Ontex Brazil, and 2.9% higher on a LFL basis.  LFL growth was mostly from Western Europe, where the majority of Ontex’s category sales are generated.

Revenue in the Adult Inco category grew 12% on a reported basis including Grupo Mabe and Ontex Brazil, and 5.6% on a LFL basis. On a LFL basis, Adult Inco sales in retail channels grew 14% year-on-year, and sales in institutional channels were also higher.

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