The Italian trading group OVS SPA increased its net turnover by 6.2 percent to EUR 1.631 billion in the 2024 financial year.
The most important brands OVS and UPIM have achieved “excellent” results, according to a message published on Tuesday. Stefanel also showed solid growth, which accelerated in the second half of the year thanks to a new stylistic orientation. The management explained that the management was achieved both in the clothing area, especially in women’s fashion and in the beauty segment, which continued to achieve double-digit growth.
The increase in sales and the improvement of the breeding artery to 58.2 percent led to a result of interest, taxes and depreciation (EBITDA) of 195.3 million euros in the past financial year, which meant an increase of 13.0 million euros. The adjusted net profit reached a height of 77.9 million euros.
The cash flow was increased again and amounted to 68.6 million euros.
The OVS group relies on women’s fashion and the beauty segment
“After a first half of the year, which was characterized by very unfavorable weather conditions, but was nevertheless completed with an increase in sales, the company grew by almost nine percent in the second half of the year. The financial year was thus completed with a sales increase of 6.2 percent,” explained CEO Stefano Beraldo.
In the coming months, “the current macroeconomic environment, which is characterized by uncertainties and cost increases for families, could lead to a slowdown with consumption,” warned the company. However, the OVS group is “well positioned and objectively able to attract target groups from higher price segments,” emphasized the management.
OVS is not affected by export tariffs to the USA because the retailer is not active on the American market. “At the same time, the tariffs imposed on Asian countries lead to greater availability of suppliers for European customers, which creates cheaper sourcing options,” the statement continues.
In 2025, the group will further expand the range of women’s fashion, a key segment that makes up more than half of the market and still has considerable growth potential in the OVS. Components of this strategy are the recently launched Les Copains collection and the strengthening of the beauty segment, which is also expanded by opening own business, the company said.
This article was used with digital tools translated.
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