Ontex releases 2024 Annual Report and highlights advances in transformation and sustainability
Company records increase in adjusted EBITDA, improvement in cash flow and debt reduction, reinforcing its competitiveness and profitability
Ontex Group, a global leader in the development and production of personal care solutions, has released its 2024 Annual Report, highlighting the company’s main financial and strategic achievements over the last year. The document emphasizes the company’s evolution in its transformation journey, with advances in sustainable innovation, business expansion and operational excellence.
The report, which covers the period from January 1 to December 31, 2024, presents a detailed overview of Ontex’s performance in areas such as finance, environmental impact, social responsibility and corporate governance.
According to Gustavo Calvo Paz, Ontex’s CEO, the company is “more competitive and profitable, with a stronger cash flow, lower debt and significant investments in future growth and innovation. These achievements are the direct result of the dedication and passion of our people and our collaborative efforts with partners around the world.”
Among the financial highlights, Ontex recorded a 28% growth in adjusted EBITDA, totaling 223 million euros. The cost transformation program added 70 million euros, strengthening the company’s competitiveness and profitability. Despite challenges such as inflation and operating costs, the adjusted EBITDA margin rose to 12.0%, an increase of 2.3 percentage points on the previous year.
The group’s total profit was 10 million euros, impacted by discontinued operations in emerging markets, while continuing operations in core markets reached 21 million euros. Free cash flow grew significantly to 48 million euros, driven by operational efficiency and working capital management. In addition, net financial debt was reduced to 612 million euros, with the leverage ratio falling to 2.46x.
For 2025, Ontex projects revenue growth of between 3% and 5%, driven by volume growth in North America. Adjusted EBITDA is expected to grow between 4% and 7%, while cash generation will remain solid. The company also expects to bring in approximately 100 million euros from divestments in Brazil and Turkey, consolidating its global transformation strategy.
To read the full report, visit: https://ontex.com/news/ontex-publishes-its-2024-annual-report/
