Italy's OVS jumps to 8-year high as annual results beat expectations

OVS SpA

17/04/2026 10:54

** Shares in Italy's OVS OVS.MI rise more than 5% after the clothing retailer reported better than expected full-year results late on Thursday

** Earlier on Friday, the stock jumped 7.9% to 5.29 euros per share, its highest since February 2018

** The company posted a 7% rise in FY net sales to 1.75 billion euros ($2.06 billion), beating a company-provided consensus of 1.73 billion euros

** Its adjusted core profit stood at 218.2 million euros, also above expectations, as OVS proposed a 27% increase in dividend to 0.14 euro per share

** "We believe there may be some upside potential to our estimates," says broker Equita

** OVS's management says the conditions are good for further growth in revenue, profitability and FCF in FY26

** "OVS believes it is not exposed to significant impacts arising from the current conflict in the Middle East," the company says

($1 = 0.8482 euros)

(Reporting by Romolo Tosiani)

((Romolo.Tosiani@tr.com))