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Weekly Recap: Leadership Change Announced at Ontex, Ontex Reports Third Quarter Sales Growth & More

The most viewed news on our site for the week ended November 13, 2022.

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By: Lianna Albrizio

Associate Editor

Here’s your weekly recap—the most viewed news stories on our site for the week ended November 13, 2022.
 
Calvo Paz has succeeded Esther Berrozpe as CEO of Ontex. Paz has a deep understanding of the industry and has vast category knowledge and international experience in operations and strategy within the sector. Born in Argentina and leading operations across Latin America, North America and Europe throughout his career, Paz has extensive prior leadership experience, including as an executive member of Kimberly-Clark’s Global Leadership Team. 
 
In other news, the company reported a sales increase of 17% in Core Markets for the third quarter when sales reached €432 million due to higher selling prices (11%) and volume/mix growth (6%) in baby pants, feminine care and overall revenue growth in North America. The quarter marked six consecutive quarters of growth. Meanwhile, EBITDA of care markets was down 41% to €24 million, compared to last year, but marked a 28% improvement for the previous quarter. Total group sales, including the discontinued Emerging Markets, was a record €638 million, up 17%, on improved pricing and voume mix.
 
 
Here are our top 3 most viewed stories from the past week:
 
 
 

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