Italian retailer OVS has had a remarkable year, with impressive growth in both net sales and core profit. The company’s various brands, such as Piombo, Stefanel, and Upim, have all contributed to the 11.3% increase in net sales, which reached 1.5 billion euros ($1.6 billion). Furthermore, OVS experienced a significant 22.4% growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), reaching an impressive 180.2 million euros.

What is even more notable is that OVS has continued its strong performance into the current year. Since February, the retailer has witnessed a more than 10% increase in like-for-like sales. This demonstrates that OVS has successfully maintained its positive momentum.

In recognition of its success, OVS has decided to increase its dividend to 0.06 euro per share, marking a 50% increase compared to the previous year. This decision is likely to be well received by shareholders, as evidenced by the 2% rise in the company’s shares on the Milan stock exchange upon the release of these positive results. By the end of trading, OVS shares were up by 1.15%.

OVS’s exceptional financial performance is a testament to its strong market presence and appeal among consumers. As the retailer continues to expand and develop its various labels, it solidifies its position within the highly competitive fashion industry. With a proven track record of success and a commitment to rewarding shareholders, OVS is definitely a company to keep an eye on as it continues its growth trajectory.

For more information on OVS’s success in the past fiscal year, please visit here.

To learn more about OVS’s expansion and development in the fashion industry, click here.