Ontex Releases Third Quarter Results – Nonwovens Industry Magazine

Ontex Q3 2021 revenue was 512 million euros ($ 592 million), stable on a like-for-like basis (LFL) compared to the previous year and up 2% sequentially compared to Q2 2021 despite around 13 million euros ($ 15 million) of orders that could not be fulfilled due to supply chain disruptions. The areas identified in June as essential for a sustainable improvement in sales were visible in the third quarter: starting to reverse the sales trend of retail brands in Europe, outperforming in North America, developing its current activities in emerging markets and accelerate in adult care. On a reported basis, sales were up 0.9% thanks to a positive currency effect of + € 4.5 million over the quarter.

Baby Care revenue in the third quarter of 2021 was down -1.1% year-over-year, while at the same time, the third quarter was the second consecutive quarter of single-digit sequential growth . Sales of baby pants in the third quarter increased in average numbers compared to the previous year in Europe and the AMEAA, thanks to Ontex’s desire to further capture the consumer trend towards this type of product. . Sales of baby diapers were lower overall due to a decline in Europe and growth in AMEAA. For the first nine months of 2021, Baby Care sales are down -4.6%.

Third-quarter 2021 sales in the Adult Care category increased 5% year-over-year and also increased sequentially from the second quarter of 2021. Adult trousers advanced ahead of the overall category thanks to double-digit growth for the AMEAA. Retail channel revenue increased 14% with double digit growth in Europe and AMEAA. Sales in institutional channels are down slightly and continue to be impacted by a slow recovery in occupancy rates in nursing homes. Adult care sales grew 3.9% in the first nine months of 2021.

Sales in the Feminine Care category fell by -9% in Q3 2021, strongly impacted by packaging shortages in Europe. AMEAA’s revenues are down slightly. Without the lost sales in Europe, the category’s revenue would have experienced single-digit growth in the quarter. The turnover of Feminine Care products decreased by -12% in the first nine months of 2021.


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