The latest update is out from OVS S.p.A. ( (IT:OVS) ).
OVS S.p.A. reported a 6.2% increase in net sales for 2024, reaching €1,631 million, with strong performances from its main brands, OVS and Upim, and significant growth in Stefanel. The company saw an increase in EBITDA to €195.3 million and adjusted net profit of €77.9 million, alongside a cash generation of €68.6 million. Despite inflationary pressures, OVS continued to invest in technological innovations, enhancing both e-commerce and in-store experiences. The Board proposed a dividend of 0.11 Euro per share, a 57% increase from the previous year, and approved a continuation of its buyback plan. The company remains cautious about the macroeconomic environment, which could impact future consumption.
More about OVS S.p.A.
OVS S.p.A. operates in the retail industry, focusing on clothing and beauty products. Its primary brands include OVS, Upim, and Stefanel, with a market focus on women’s fashion and beauty, as well as men’s and kids’ clothing.
YTD Price Performance: -9.29%
Average Trading Volume: 56,647
Technical Sentiment Signal: Sell
Current Market Cap: €784M
Find detailed analytics on OVS stock on TipRanks’ Stock Analysis page.