Good afternoon, everyone. I’m Geoff Raskin from IR, and I’m glad to have our CEO, Gustavo, and CFO, Geert Peeters, here with me today to discuss our third-quarter results. Before we dive into the numbers, I want to remind you about the Safe Harbor regarding forward-looking statements. Now, let’s talk about our performance.
Since 2022, our P&L is based on continuing operations, focusing on our core market activities. We are in the process of divesting our emerging markets, but they still impact our results. We have also made some changes this year, such as redefining free cash flow and adjusting our EBITDA bridge.
Gustavo, would you like to share some insights on our quarter three performance?
Gustavo Paz then took the floor and expressed his pride in the Ontex teams for delivering solid growth in the third quarter. Volumes have increased by 4%, with significant growth in Adult Care. The company’s net sales have also seen a positive impact from price/mix and volume growth, leading to a 6.5% increase.
In addition to this, Ontex has been focusing on cost management and operational efficiency, resulting in a 3.5% decrease in SG&A expenses. The company’s adjusted EBITDA has improved by 5.6%, reflecting the benefits of these initiatives.
Moreover, Ontex has been actively managing its debt and liquidity position, with a focus on reducing leverage and optimizing its capital structure. This has led to a decrease in net debt and an improvement in the company’s leverage ratio.
Overall, Ontex remains committed to its strategic priorities and is confident in its ability to deliver sustainable growth and value creation for its shareholders.
In conclusion, the company continues to focus on its core market activities, drive operational efficiency, and optimize its financial position to ensure long-term success and value creation. Thank you for joining us today, and we look forward to your continued support.
