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Ontex Group NV (ONTEX.BR)

ONTEX.BR on Brussels Stock Exchange

27.22EUR
17 Nov 2017
Change (% chg)

€-0.21 (-0.77%)
Prev Close
€27.42
Open
€27.50
Day's High
€27.50
Day's Low
€27.16
Volume
207,930
Avg. Vol
156,257
52-wk High
€33.74
52-wk Low
€24.62

Latest Key Developments (Source: Significant Developments)

Ontex Group Q3 adjusted EBITDA up at 68.2 million euros ​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - ONTEX GROUP NV ::‍EXPECT TO CONTINUE TOP-LINE OUTPERFORMANCE IN OUR MARKETS IN Q4​.‍ADULT INCO WILL CONFIRM AN ANNUAL RUN RATE OF EUR 2.4 BILLION REVENUE​.‍ANTICIPATE PRESSURE IN BRAZIL WILL CONTINUE​.BRAZIL TOGETHER WITH FX AND COMMODITIES HEADWINDS, WILL PUT OUR Q4 MARGINS SLIGHTLY BELOW Q3.​.ACTIONS TAKEN TO INCREASE GROUP-WIDE CAPACITY OF MARGIN-ACCRETIVE PRODUCTS AND TO IMPLEMENT INTEGRATION PLAN IN BRAZIL, EXPECTED TO START SHOWING BENEFITS DURING H2 2018​.‍Q3 2017 REPORTED REVENUE INCREASED 16.1%​.‍ONTEX Q3 2017 ADJUSTED EBITDA MARGINS LOWER, IMPACTED BY RAW MATERIALS, BRAZIL AND FX​.‍Q3 2017 REVENUE WAS EUR 592.4 MILLION​.‍ Q3 2017 ADJUSTED EBITDA INCREASED BY 7.9% YOY TO EUR 68.2 MILLION​.‍Q3 2017 ADJUSTED EBITDA MARGIN OF 11.5%​.‍ Q3 2017 NET FOREIGN EXCHANGE (FX) IMPACTS OF -EUR 6.0 MILLION ON REVENUE AND -EUR 2.2 MILLION ON ADJUSTED EBITDA​.‍NET DEBT WAS EUR 751.1 MILLION AS OF SEPTEMBER 30, 2017​.‍REFINANCING OF GROUP'S DEBT EXPECTED TO BE FINALIZED BEFORE END OF 2017​.‍GROUP'S DEBT ANTICIPATED TO REDUCE NET FINANCE EXPENSES BY MORE THAN EUR 7 MILLION PER YEAR FROM 2018 ON A PRE-TAX BASIS​.‍FOREIGN EXCHANGE HEADWINDS AND A TEMPORARY ADVERSE RESULT IN OUR NEW BRAZIL BUSINESS HAVE LED TO LOWER MARGINS - CEO​.  Full Article

Ontex announces redemption of outstanding senior secured notes due 2021
Friday, 3 Nov 2017 

Nov 3 (Reuters) - ONTEX GROUP NV ::ONTEX ANNOUNCES REDEMPTION OF €250M 4.75% SENIOR SECURED NOTES DUE 2021.‍ANNOUNCES REDEMPTION OF SENIOR SECURED NOTES ON NOV 15.  Full Article

Ontex H1 net profit up 11 pct at 65.7 mln euros
Thursday, 28 Jul 2016 

Ontex Group NV : Q2 revenue rose 19.3 percent to 510.2 million euros ($564.6 million) . H1 adjusted EBITDA increased by 12.2 pct yoy to 123.3 million euros . H1 adjusted net profit was 65.7 million euros, up 11.0 pct compared to last year . In second half we expect to deliver group revenue growth in line with our mid term model . Expect that second half 2016 revenue growth will be in our mid-term range of 4-6 pct like-for-like .Expects to have a group adjusted EBITDA margin for FY 2016 at least in line with FY 2015 (12.4 pct) on a much larger revenue base.  Full Article

Ontex comments on decision by Spanish Competition Authority regarding infringement proceedings
Wednesday, 1 Jun 2016 

Ontex Group NV: Ontex comments on the decision by the Spanish Competition Authority regarding infringement proceedings ."Ontex does not agree with the decision and will explore all appeal possibilities".  Full Article

Ontex Group comments on FY 2016 guidance
Wednesday, 4 May 2016 

Ontex Group NV:Says expectations for 2016 like-for like (LFL) growth remain unchanged.Expects to have a group adjusted EBITDA margin for FY 2016 in line with FY 2015 (12.4 pct) on a much larger revenue base.  Full Article

Ontex Group joins BEL20 and STOXX Europe 600 indices
Friday, 18 Mar 2016 

Ontex Group NV:Joins BEL20 and STOXX Europe 600 indices.  Full Article

Ontex Group gives 2016 guidance and proposes dividend
Tuesday, 8 Mar 2016 

Ontex Group NV:Proposes to pay a gross dividend of 0.46 euro per share.On a LFL basis, anticipates group revenue to have a very slow start to 2016, with a pick up over second half to deliver a stronger finish to year.Adjusted EBITDA margin in 2016 is anticipated to be broadly similar to 2015.  Full Article

Ontex Group to be included in the BEL 20 index
Friday, 4 Mar 2016 

Euronext NV:Announces yearly review of the BEL 20, BEL Mid and BEL small indices.Galapagos NV, ING Groep NV and Ontex Group NV to be included in the BEL 20.Befimmo SA, Delta Lloyd NV and D'Ieteren SA to be removed from the BEL 20.Befimmo, D'Ieteren and Leasinvest Real Estate CVA to be included in the BEL Mid index.Ascencio SCA, Galapagos and Ontex Group to be removed from the BEL Mid.Leasinvest and Viohalco SA to be removed from the BEL Small index.Changes will be effective as of March 21, 2016.  Full Article

Ontex Group completes acquisition of Grupo Mabe
Tuesday, 1 Mar 2016 

Ontex Group NV:Ontex accelerates its growth strategy with the acquisition of Grupo Mabe.Says has completed acquisition of 100 pct of shares of Grupo P.I. Mabe (Grupo Mabe.Cash consideration paid by Ontex at closing amounted to 3,522 million Mexican peso.‍Consideration payable at closing was a mix of cash and newly-issued Ontex Group shares.‍As a result 2,722,2212 new shares have been issued to sellers.‍Additionally, parties agreed an additional deferred consideration of up to 10 million euros per annum may be payable contingent upon exceeding EBITDA targets in 2016 and 2017.Grupo Mabe will be consolidated into the results of Ontex with effect from March 1, 2016.  Full Article

BRIEF-Ontex Group Q3 adjusted EBITDA up at 68.2 million euros ​

* ‍EXPECT TO CONTINUE TOP-LINE OUTPERFORMANCE IN OUR MARKETS IN Q4​