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Diaper Maker Ontex Starts To 'Gather Momentum' In Third Quarter

Published on Nov 11 2019 2:20 PM in A-Brands tagged: Trending Posts / nappies / Diapers / Paywall / Ontex

Diaper Maker Ontex Starts To 'Gather Momentum' In Third Quarter

Diaper and wet wipes manufacturer Ontex has posted a 0.2% increase in like-for-like sales in the third quarter of its financial year, however its Europe division continues to weigh on the business' performance.

Third quarter like-for-like revenue at the firm, which owns the Bio-Baby, Moltex and NAT brands, among others, stood at €567.6 million, up marginally on the €566.6 million it reported for the same period last year.

Reported revenue was up 1.4% in the three month period to 30 September, while adjusted EBITDA was up 0.5% to €65.8 million.

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