Ontex Group N.V. (GB:0QVQ) has released an update.
Ontex Group N.V. sees a strong first half of 2024, with like-for-like revenue growth of 3% and a 31% increase in adjusted EBITDA, leading to a 12% margin. The company’s successful cost transformation program and strategic divestments have resulted in reduced net debt by 12%, bringing down the leverage ratio to 2.5x. Due to these positive results, Ontex has raised its full-year financial outlook, expecting higher revenue growth, improved adjusted EBITDA margin, increased free cash flow, and a further reduced leverage ratio.
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