Ontex is a leading producer of personal hygiene products for baby, adult and feminine care. The company’s products are distributed in more than 110 countries, both under major retailers’ private labels and the company’s local brand names. The main sales channels are retail, medical institutions and pharmacies.

Portfolio value 09/30/2023
Investment case

The industry benefits from supportive trends:

  • Resilience throughout the economic cycle, due to the essential nature of these products (hygiene basics), further reinforced in times of recession due to white label products
  • Population growth and increasing adoption of personal hygiene products in emerging markets
  • Ageing population in western countries, benefitting the Adult Incontinence segment

Ontex stands to benefit from these trends thanks to a further repositioning of its business:

  • Enhancing even more the company’s exposure to faster-growing products and categories (including adult incontinence and baby pants)
  • Increasing market share of white label brands
  • Accelerating competitive innovation
  • Focusing on structural cost competitiveness and cost-efficient operations with a view to increasing margins


  • Board of Directors 2/9*
  • Audit and Risk Committee 1/5*
  • Remuneration and Nomination Committee 1/5*