Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Ontex Revenue Increases 10% in Core Markets - Nonwovens Industry

What are you searching for?

Sign in
Financial, Nonwovens News

Ontex Revenue Increases 10% in Core Markets

All hygiene categories grow

Author Image

By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

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.”

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics