Brief: Ontex Lowers 2026 Outlook, To Cut Over 20% Of Office Jobs By End-2028
30/07/2026 10:22
BRIEF-Ontex Lowers 2026 Outlook, To Cut Over 20% Of Office Jobs By End-2028 July 30 (Reuters) - Ontex Group NV ONTEX.BR:
SEES 2026 ADJ EBITDA AT €165-180 MLN OR ‑6% TO +3% VS €176 MLN IN 2025 (PREVIOUSLY TO INCREASE BY AROUND 10%)
SEES 2026 FREE CASH FLOW OF BETWEEN €-25 and €-10 MLN VS PRIOR POSITIVE VIEW
LAUNCHES TRANSFORMATION PLAN TARGETING EUR 240 MLN SAVINGS, EUR 40 MLN ADDITIONAL EBITDA BY END-2028
TO CUT OVER 20% OF WHITE COLLAR JOBS OUTSIDE MANUFACTURING BY END-2028
H1 ADJ EBITDA DOWN AT EUR 78.1 MLN
H1 REVENUE EUR 854.8 MLN
H1 OPERATING LOSS EUR 117.5 MLN, INCLUDING EUR 143.9 MLN IN IMPAIRMENTS
Source text: nGNE87pvDt
Further company coverage: ONTEX.BR
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