Ontex reported its fiscal year 2016 Group revenue was €1.99 billion ($2.1 billion), driven by an annualized run-rate above €2 billion ($2.11 billion) over the past three quarters. On a reported basis, revenue grew by 18% compared to last year including the contribution of Grupo Mabe since March 1, and was up +0.2% on a LFL basis. 

Fiscal year 2016 category revenue for Babycare was 29.7% higher compared to 2015 on a reported basis including the incremental contribution from Grupo Mabe, and 1.3% lower on a LFL basis. Category revenue was well ahead in developing markets. In developed markets, category revenue decreased due to lower baby diaper revenue due to contract losses from 2015, while sales of baby pants grew.

The Femcare category revenue in FY 2016 was up 1% on a reported basis, including Grupo Mabe sales, and 3.1% lower on a LFL basis. Nearly all of Ontex sales in the category are in Western Europe, where the company slightly underperformed a market which decreased year-on-year.

Revenue in the Adult Inco category grew 6.2% on a reported basis including Grupo Mabe, and 3.4% on a LFL basis. On a LFL basis, sales in retail channels grew 11% year-on-year, and sales in institutional channels were slightly higher.

Charles Bouaziz, Ontex CEO, comments: “2016 was a year of significant achievements in a challenging environment. From a top line perspective, we outperformed our markets in four out of five divisions, including double-digit LFL growth in developing markets. At the end of February we completed the deal with Grupo Mabe, marking our first steps into the Americas, and rapidly integrated the business into the Ontex family. Just before year end, we reached agreement to acquire the personal hygiene business of Hypermarcas, extending our growth platform in the Americas with leading market positions in Brazil.”

Revenue in the fourth quarter was €520.2 million ($549.2 million), a year over year increase of 23.7% on a reported basis.