Report
Eric Wilmer

Ontex : We see MENA and Latam disposals as only structural solution

>Ontex is making a risky bet by keeping capex below required levels - Ontex reported a very weak trading update: the company has been plagued by inflationary and supply chain challenges. We argue that Ontex is choosing a very risky route to preserve cash by keeping near-term capex below required levels. Despite Ontex having invested in new costly production lines in recent years, we argue that the company owns a significant amount of manufacturing equipment that is re...
Underlying
Ontex Group N.V.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Eric Wilmer

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