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Ontex’s Revenue Up Over 20%

Developing markets drive growth in third quarter

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Ontex Group’s revenue amounted to €510.2 million ($564.2 million) in Q3 2016, the second consecutive quarter above €500 million ($553 million). Revenue was up 22.7% compared to last year on a reported basis. Sales in its developing markets divisions recorded another quarter of solid growth, primarily due to higher volumes. Revenue in Mature Market retail declined but improved on a sequential basis, as expected. Pro-forma Q3 2016 revenue at constant currency including Grupo Mabe would have grown by 1.2%.

Third quarter 2016 category revenue for Babycare was up 38.3% compared to last year on a reported basis including the incremental contribution from Grupo Mabe, and down by 1.0% on a LFL basis. Babycare revenue continued to grow in developing markets, partially offsetting lower revenue in developed markets.

Femcare category revenue in Q3 2016 was 0.6% higher on a reported basis, including Grupo Mabe sales, and 5.3% lower on a LFL basis. Ontex’s sales in this category are mostly in Western Europe, where the market was lower year-on-year.

Revenue in the Adult Inco category grew 5.6% on a reported basis including Grupo Mabe, and 1.1% on a LFL basis. Sales in institutional channels were stable year-on-year, and sales in retail channels were up 4% on a LFL basis, led by developing markets.

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