OVS reports improved Q2 results, confirms outlook

Second quarter net sales at OVS amounted to 273.1 million euros, down by 18 percent compared to the same period last year. The company said in a statement that the result is well above expectations considering the postponement of the end of season sales period from July to August and the inevitable decrease in traffic that particularly characterized the re-opening phase. In the first half, net sales amounted to 375.7 million euros, down by 42 percent, recovering from the 68 percent decline reported in the first quarter.