- Ontex press release ( OTCPK:ONXXF ): Q4 adjusted EBITDA came in at €51 million, up 64% year on year, and 47% quarter on quarter.
- The resulting EBITDA margin of 7.6% was up 1.7pp versus Q4 2021, and 2.1pp versus Q3 2022.
- Revenue of €674.6M (+26.4% Y/Y).
- Outlook FY 2023 : Revenue of Core Markets, to grow by high single-digits, consolidating the improvement realized in 2022 and further balancing its portfolio; Adjusted EBITDA margin for Core markets in a range of 8% to 10%, with cost inflation headwinds as from year start to be gradually offset as additional pricing is passed through and structural cost reduction measures continue to deliver; Discontinued operations to contribute positively to adjusted EBITDA and free cash flow; Leverage to reduce by year end from 6.4x to less than 4x, with improving profitability and cash flow discipline remaining a focus.
For further details see:
Ontex reports Q4 results; initiates FY23 guidance