Ontex Group jumped over 8% in Brussels, buoyed by the publication by the hygiene products manufacturer of EPS of 0.43 euros for 2023, compared with a loss of 3.34 euros per share for the previous year.

It improved its adjusted EBITDA margin by 3.5 points to 9.7%, on revenues up 7% to 1.79 billion euros. On a like-for-like basis, sales rose by 10%, driven mainly by price increases (+9%).

For 2024, the Belgian group anticipates an improved adjusted EBITDA margin, at between 11 and 12%, for revenues growing at a percentage 'in the low single-digit range' on a like-for-like basis.

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