Ontex Group N.V. (GB:0QVQ) has released an update.
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Ontex Group N.V. reported a 29% increase in adjusted EBITDA and a 12% margin as it continues its strategic transformation by selling its Brazilian activities and optimizing European operations. The company anticipates revenue growth between 2% and 3%, with a stable leverage ratio below 2.5x by year-end. These strategic moves strengthen Ontex’s focus on retail brands and healthcare in North America and Europe.
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