Upim news and archive

OVS posts quarterly sales and profit growth

OVS net sales for the first quarter amounted to 352.2 million euros, up 4.7 percent driven by directly operated stores, where sales were up 5.1 percent. After a year of decline in 2023, OVS said that the franchise channel resumed growth, with sales up 3.2 percent. The OVS brand achieved sales growth mainly on a like-for-like basis. The Upim...

Business

OVS sales and profit improve, outlook positive

OVS ended the year with net sales of 1,536 million euros, up 1.5 percent despite exceptionally unfavourable weather that penalised the apparel market in the initial periods of both seasons. The company’s sales in the first months of 2024 are up by around 5 percent. OVS said in a release that the positive full year result was also due to the best...

Business

OVS expects to report improved profitability, launches share buyback programme

OVS sales for the entire year were up by approximately 1.4 percent, an increase that occurred mainly on the like for like perimeter. The company said in a media statement that the positive result was achieved despite the extremely unfavourable climatic conditions, which penalised the apparel market in both beginning of seasons. Driven by the...

Business

OVS post strong growth in full year sales and profit

OVS SpA closed the year to January 31, 2023 with net sales of 1,513 million euros, up 11.3 percent, due to the strong performance in the like-for-like perimeter. The company said in a release that the trend was seen across all the group's brands and distribution channels and was consistent in all periods, with a more pronounced trend in May,...

Business

OVS posts increase in Q1 sales and profit

Net sales for the first quarter at OVS S.p.A. were 299.9 million euros, up 30.6 percent compared to the same quarter last year. This performance, the company said, characterised the OVS and Upim brands and all of the group's distribution channels. “The first quarter of 2022 completes the first full year without the negative impact of the...

Business

OVS posts profit, FY21 sales improve by 33.4 percent

Net sales at OVS SpA of 1,359 million euros, were up 33.4 percent from 2020. The company’s net result improved by 49.6 million euros, from a loss of 4.8 million euros in 2020 to a profit of 44.8 million euros in 2021. Review of OVS financial results The company said in a statement that the first quarter of FY21 was still characterised by periods...

Business

OVS revenues jump compared to Q1 2020

Total sales at OVS in the first quarter amounted to 229.6 million euros, up 124 percent compared with the same period in 2020. When compared to the performance in 2019, value declined by 27.7 percent. The company said, the month of May benefited from a progressive strong increase in sales, with double-digit growth compared to 2019. Commenting on...

Business

OVS FY20 sales decline by 25.7 percent

Full year net sales at OVS spa, amounted to 1,018.5 million euros, down by 25.7 percent against 2019. The company said in a statement that in spite of a low propensity to out of home activities across the full year in the period between the two lockdowns, OVS recorded a positive LFL performance. The company added that adjusted EBITDA for the...

Business

OVS net sales grow by 6 percent in Q3

Third quarter net sales at OVS S.p.A. amounted to 361 million euros, up by 6.1 percent compared to the same period of last year, showing a positive performance also in terms of like-for-like. As of mid October, before store closures imposed by the second wave of the pandemic, the company said, sales performance was approximately positive 10...

Business

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...

Business

OVS reports 68 percent drop in Q1 sales

The first quarter from February to April 2020, OVS S.p.A. said, was adversely affected by the lockdown period, which entailed the closure of all stores from March 12, with full reopening only taking place on May 18. Net sales for the quarter amounted to 102.7 million euros (115.7 million dollars), down 68 percent due to the period of closure....

Business

OVS posts marginal declines in sales, profit improves

Total net sales at OVS amounted to 1,370.1 million euros (1,501.1 million dollars), decreasing by 1.5 percent compared to last year. The company said in a statement that this slight decline is mostly attributable to the strategy in place of decreasing purchases and lower promotional activities, to the benefit of cash generation and...