Ontex : Walking a very thin line
>Not fully convinced about the European game plan - Ontex reported Q2 results that were in line with consensus (on sales, adj. EBITDA and net debt). We acknowledge that anticipated near term FY22 lfl sales growth (consensus: +2%) should be supported by: 1) rising birth rates in several of Ontex’s markets; 2) sequential net contract wins since Q4 2020; and 3) the first signs of price increases in several emerging markets. That being said, we are still in the dark conce...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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