Ontex: 30% increase in profitability in 1st quarter
At the same time, adjusted EBITDA stands at 52.9 ME (+30%).
'We've had a good start to the year. We have finalized the Algerian divestment, enabling us to focus more on our core markets", commented Gustavo Calvo Paz, CEO of Ontex.
For 2024, Ontex anticipates low single-digit sales growth, with an EBITDA margin of between 11% and 12%.
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