Profile
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.
1%
Portfolio value 06/30/2024
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 (e.g., white label products)
- Developed markets: ageing population, benefitting the Adult Incontinence segment
- Emerging markets: population growth and increasing adoption of personal hygiene products
Ontex stands to benefit from these trends thanks to a further repositioning of its business:
- Increasing further the company’s exposure to faster-growing products and categories (e.g., adult incontinence and baby pants)
- Boosting market share of white label brands
- Accelerating competitive innovation
- Focusing on structural cost competitiveness and cost-efficient operations with a view to increasing margins
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Board of Directors 2/9*
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Audit and Risk Committee 1/5*
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Remuneration and Nomination Committee 1/5*
- Board of Directors Audit and Risk Committee
- Board of Directors Remuneration and Nomination Committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 06/30/2024, except where superseded by more recent public disclosures.