Italian clothing retailer OVS's net sales rise in first-quarter
12/06/2024 17:31
June 12 (Reuters) - Italian clothing retailer OVS
OVS.MI on Wednesday reported single-digit growth in
first-quarter adjusted net sales, mainly thanks to strong
results from directly operated stores.
OVS's first-quarter adjusted net sales increased 5%
year-on-year to 352.2 million euros ($381.96 million), while
adjusted core profit rose 8% over the same period, totalling
29.7 million euros.
OVS said its profit before tax rose in the first quarter to
10.1 million euros, up from 7.7 million a year ago.
($1 = 0.9221 euros)
(Reporting by Alberto Chiumento. Editing by Jane Merriman)
((Alberto.chiumento@thomsonreuters.com))