Ontex : A story almost “as smooth as a baby’s …”
>The U-turn in commodity prices (which is by no means already reflected in numbers) and Ontex’ price adjustments and cost savings have resulted in a margin recovery, which is ongoing. In addition, it is addressing its capital structure by the monetisation of non-core assets (naturally subject to execution risk). We think future net proceeds from divestments reflect about one turn of today’s net leverage (4.5x; comp. calc. incl. disc. oper.). Having said this, the 2026 bon...Ontex Group NV is a Belgium-based company, which operates in the manufacturing sector of industry. The Company is a producer of disposable personal hygiene solutions for babies, women and adults. It offers a range of such products as baby diapers, baby pants, baby wet wipes, pads, pantyliners, tampons, light incontinence products, pull-ups, belt diapers, all-in-one tape systems, shaped pads and underpards. Its products are distributed through retail partner brands, as well as under its own brands (canbebe, canped, Helen Harper, Moltex, Baby Charm) across several distribution channels, such as retail trade, care institutions and pharmacies. The Company is present in Europe, Northern Africa, Australia and Asia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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