Italian retailer OVS maintains momentum after annual profit grows
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Reuters API
Reuters API
Italian clothing retailer OVS
OVS posted an 11.3% increase in net sales to 1.5 billion euros ($1.6 billion) and a 22.4% growth in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 180.2 million euros in the fiscal year ended in January
Since February, the Italian retailer said it had increased like-for-like sales by more than 10%.
The group, whose other brands include StefanelUpim
Shares in OVS on the Milan stock exchange rose by more than 2% after the release of the results and closed up 1.15%.