The Italian clothing provider OVS SPA achieved solid sales plus in the 2024/25 financial year and has made progress in the operating result. This emerges from selected key data that the parent company of retail chains such as OVS and UPIM and clothing stamps such as Stefanel published on Tuesday.
In the past financial year, which was completed at the end of January, according to preliminary figures, the group sales increased by about six percent compared to the previous year. “The group was followed by about four percent in the fourth quarter,” said the group to the strong increase in revenues in the third quarter (+12.8 percent), “said the group. According to his own statements, the retailer owed the plus of an increase in sales on a comparable area and the expansion of the branch network. In addition, “new projects” had achieved “excellent results”, especially in the cosmetics area.
The group also explained that he was able to complete the past year with a “significant increase” in the result of interest, taxes and depreciation (EBITDA). The positive sales development and a higher gross margin would have made cost increases more than competitive, said OVS.