Belgian company Ontex shows margin resilience in Q1 amid soft demand

Ontex reported Q1 revenue of €451 million (~$510.89 million), down 2.8 per cent like-for-like, with softer demand partly offset by strong North American growth.
Adjusted EBITDA was €51 million (~$57.77 million), supported by €15 million (~$16.99 million) in cost savings.
Despite challenges, Ontex remains confident in achieving its 2025 outlook, targeting 3–5 per cent revenue.Read More