Italy's OVS surges 8% after positive first-half results

OVS SpA

18/09/2025 09:17

** Shares in Italian clothing retailer OVS OVS.MI jump 8% to their highest since April 2018, following positive first-half results

** Equita says adjusted EBITDA beat its forecast due to an improved gross margin and an "excellent cost control"

** First-half revenue growth of 4.1% was in line with expectations, with the brokerage noting Goldenpoint brand contributed to boosting gross profit

** While free cash flow (FCF) was slightly better than expected, Equita notes that it is still not as bright as the profit and loss (P&L) due to significant cash absorption in the first half

** The brokerage sees its full-year estimates as well-supported by the company's confirmed growth guidance, though notes that recent trading offers little visibility for second half and that FCF remains reliant on a strong second half

** Stock is up 29.66% YTD

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))