Ontex Q3 2025: Revenue Down 3.8% YoY, EBITDA Margin at 11.4%, FY22 Outlook Unchanged

Ontex reported Q3 2025 financials with a 3.8% YoY decline in revenue to €445m, a 0.6pp decrease in adjusted EBITDA margin to 11.4%, and a 3.0pp increase compared to Q2. CEO Gustavo Calvo Paz expressed confidence in meeting 2025 targets despite weak market conditions. The company maintained its FY2025 outlook, expecting a decline in revenue on a comparable basis, an adjusted EBITDA between €200m and €210m, a neutral free cash flow, and a leverage ratio around 2.7x by year-end.