Group LFL revenue up 0.2% in Q3, first quarter of LFL revenue growth in 2019
•Q3 Adjusted EBITDA up 0.5% at constant currencies
•Net debt decreased compared with June 30, 2019 due to strong operational cash flow generation

Aalst-Erembodegem, November 6, 2019 - Ontex Group NV (Euronext Brussels: ONTEX; ‘Ontex,’ ‘the Group’ or ‘the Company’) reported today its results for the nine months ending September 30, 2019.
•Q3 2019 revenue: €574.4 million, up 0.2% like-for-like (LFL) versus Q3 2018 ?Positive price/mix in all categories
?Revenue up 1.4% at reported currencies

•Q3 2019 Adjusted EBITDA at constant currencies: €65.8 million ?Adjusted EBITDA margin at constant currencies: 11.6%, up 5bps versus Q3 2018 (pro forma for IFRS 16)
?First quarter in 2019 of year-on-year growth of adjusted EBITDA margin at constant currencies
?Adjusted EBITDA at reported currencies: €61.4 million, Adjusted EBITDA margin: 10.7%

•Net debt: €875.7 million at September 30, 2019, a €23 million improvement compared with June 30, 2019, reflecting continued strict management of working capital

Operational Highlights
Top line: Continuous sales growth momentum of Ontex own brands in emerging markets, higher revenue in Brazil, increased sales of Adult Pants, and launch of baby diaper subscription offering in Benelux

Drive for profitability: Positive pricing and mix achieved

Transform-to-Grow (T2G) program: Implementation of operational and commercial workstreams fully underway, update will be provided at the time of our FY 2019 results release

Key Financials 9M 2019 and Q3 2019
see & read more on
http://www.ontexglobal.com/ontex-reports-q3-2019-results