Ontex Group Full Year Outlook Revised Upward
July 31 (Reuters) -Ontex Group NV ONTEX.BR:
H1 REVENUE UP 3% LIKE FOR LIKE, DRIVEN BY 5% VOLUME GROWTH
H1 ADJUSTED EBITDA ROSE BY 31%, LIFTING MARGIN UP TO 12%
FULL YEAR OUTLOOK REVISED UPWARD, WITH HIGHER EXPECTED REVENUE GROWTH, ADJUSTED EBITDA MARGIN AND FCF
H1 LOSS FOR TOTAL GROUP WAS EUR (6) MILLION, COMPARED TO EUR (19) MILLION YEAR BEFORE
2024 OUTLOOK: REVENUE TO GROW IN A RANGE OF 4% TO 5% LIKE FOR LIKE (PREVIOUSLY: BY LOW-SINGLE-DIGIT);
2024 OUTLOOK: ADJUSTED EBITDA MARGIN 1 OF 12% (PREVIOUSLY: IN A RANGE OF 11% TO 12%)
2024 OUTLOOK: FREE CASH FLOW HIGHER THAN EUR 20 MILLION
Source text for Eikon: ID:nGNE330qPc
Further company coverage: ONTEX.BR
(Gdansk Newsroom)
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