The Italian trading group OVS SpA remained on a growth path in the first quarter of the 2026/27 financial year.
According to an interim report published on Wednesday, sales in the period from February to April amounted to 397.2 million euros. This exceeded the corresponding previous year’s level by 12.1 percent. On an organic basis – i.e. excluding the contributions from the lingerie and swimwear chain Goldenpoint, which was acquired last year – group sales rose by 7.5 percent to 380.9 million euros.
Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects rose by 4.6 percent to 29.4 million euros. On an organic basis, it increased by 27.1 percent to 35.7 million euros. However, profit before taxes adjusted for special effects fell by 11.8 percent to 7.1 million euros.
All major concepts and brands demonstrated “outstanding performance” and achieved “positive results across all product categories,” the company said. The women’s collections continued to grow in double digits. In addition, the integration of Goldenpoint is going “excellently”.
“In the first quarter, the market developed positively with growth of around two percent. However, all of the OVS Group’s main brands and labels recorded significantly higher growth,” emphasized CEO Stefano Beraldo in a statement. “This underlines the increasing strength of our market positioning and the correctness of our product decisions.”
Sales of the OVS and Upim formats grew by seven and nine percent respectively, said Beraldo. In addition, the Stefanel brand achieved double-digit growth and reached the break-even point. This shows “an acceleration in your turnaround process,” explained the CEO.
Beraldo was confident about the coming months. “The positive sales development so far makes us optimistic for the rest of the year,” said Beraldo. “The improved quality perception of the OVS brand and the recognition of our ‘House of Brands’ strategy also contribute to this.” This can be seen “particularly in the excellent results from Piombo and Les Copains as well as all other brands”.
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