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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Ontex Group NV    ONTEX   BE0974276082

ONTEX GROUP NV

(ONTEX)
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Real-time Quote. Real-time Euronext Bruxelles - 01/15 11:39:47 am
10.98 EUR   -0.90%
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Ontex : inaugurates production line for 80 million face masks per year

09/22/2020 | 05:40am EST

PRESS RELEASE

ONTEX INAUGURATES PRODUCTION LINE FOR 80

MILLION FACE MASKS PER YEAR

Aalst (Belgium), September 22, 2020 - Ontex (EuroNext: ONTEX) today unveiled a production line with a capacity of approximately 80 million face masks per year. Ontex's face mask production line is located in its factory in Eeklo, Belgium and already produces one hundred thousand masks per day since August.

"We started producing face masks to help protect essential workers in hospitals and care homes, as well as our employees," said Xavier Lambrecht, President of Ontex's Healthcare Division. "Thanks to automation and more than 40 years of experience in personal hygiene, we can offer hospitals and care homes certified face masks at an attractive price." The new face mask production line was installed in only 100 days. The production line started making face masks in August and is scheduled to produce type IIR medical face masks as of October. Producing masks was Ontex's own decision and the project does not benefit from any government funding.

The production line is located in Ontex's plant for essential personal hygiene goods in Eeklo, Belgium and was officially inaugurated in the presence of Belgian government officials on September 22. Hilde Crevits, Flemish minister for Economy and Innovation said: "I'm impressed by the work of Ontex's engineers and technicians, installing a fully functional and hygienic mass production line to meet an urgent need in society, in just 100 days!" Belgian Federal Minister Philippe De Backer, responsible for the sourcing of face masks during the COVID-19 crisis, said: "I hope millions of people in Belgium and across the world will be better protected thanks to the products made here in Belgium."

The Ontex factory in Eeklo has over 40 years of experience in the production of personal hygiene products and received the 'Factory of the Future' title from Belgian technology association Agoria in 2019 and 2016. The factory employs 550 people and produces products for baby care, feminine care as well as face masks. Type IIR medical face masks with headbands, which create a barrier against tiny droplets and splashes, are typically used in challenging healthcare environments, such as surgery rooms.

In August and September, a first production run of face masks was produced for Ontex employees.

Inquiries about facemasks can be shared with Ontex through the Ontex contact site.

For more information about Ontex's response to the COVID-19 pandemic, go to the COVID-19 response pages on ontex.com.

***

PRESS ENQUIRIES

Gaëlle Vilatte

+32 477 707 516 gaelle.vilatte@ontexglobal.com

Maarten Verbanck +32 492 72 42 67 maarten.verbanck@ontexglobal.com

INVESTOR ENQUIRIES

Philip Ludwig +32 53 333 730

philip.ludwig@ontexglobal.com

About Ontex

Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex's innovative products are distributed in more than 110 countries through Ontex brands such as BBTips, BioBaby, Pompom, Bigfral, CanBebe, CanPed, iD and Serenity, as well as leading retailer brands.

Employing some 10,000 passionate people all over the world, Ontex has a presence in 21 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid®. To keep up with the latest news, visit www.ontex.comor follow us on LinkedIn, Facebook, Instagramand

YouTube.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Ontex Group NV published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 09:39:06 UTC


© Publicnow 2020
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Sales 2020 2 109 M 2 547 M 2 547 M
Net income 2020 78,3 M 94,5 M 94,5 M
Net Debt 2020 840 M 1 014 M 1 014 M
P/E ratio 2020 12,2x
Yield 2020 1,39%
Capitalization 888 M 1 073 M 1 072 M
EV / Sales 2020 0,82x
EV / Sales 2021 0,79x
Nbr of Employees 9 610
Free-Float 74,9%
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Technical analysis trends ONTEX GROUP NV
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 13,78 €
Last Close Price 10,98 €
Spread / Highest target 70,4%
Spread / Average Target 25,5%
Spread / Lowest Target -13,5%
EPS Revisions
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NameTitle
Esther Galindo Chief Executive Officer
Hans van Bylen Chairman
Axel Loebel Executive Vice President-Operations
Charles André Pierre Desmartis CFO, Executive Vice-President Finance, Legal & IT
Annick de Poorter Director-Quality, Research & Development
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