Update on Ontex Russia
Aalst, Belgium, October 16, 2026 – Ontex Group NV [EURONEXT: ONTEX] has been informed of a Russian Presidential Decree dated October 15, 2026, pursuant to which Ontex’s local subsidiary, Ontex Russia, has been placed under interim administration. Under such procedure, a government-appointed interim administrator has assumed operational control of Ontex Russia. Ontex Russia currently employs around 350 employees and operates a production facility in Noginsk and sales office in Moscow. Ontex Russi
Ontex Russia currently employs around 350 employees and operates a production facility in Noginsk and sales office in Moscow. Ontex Russia represents about 5% of the total revenue of Ontex Group, 7 to 8% of adj. EBITDA under IFRS consolidation rules and provides limited cash contribution.
Ontex is investigating the situation and will consider appropriate actions to safeguard its assets and the continuity of Ontex Russia’s operations, in the interest of its employees and other stakeholders.
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