OVS proposes 8.7 million euros special dividend
13/12/2023 17:04
Dec 13 (Reuters) - OVS OVS.MI on Wednesday proposed
paying an extraordinary dividend of up to 8.7 million euros
($9.4 million) after the Italian clothing retailer posted a 2%
drop in adjusted core earnings in the nine months to Oct. 30.
Adjusted earnings before interest, taxes, depreciation and
amortisation (EBITDA) fell to 121.5 million euros ($131 million)
in the February-October period, from 124.1 million in the same
period a year earlier.
OVS confirmed its annual forecast for year-on-year EBITDA
growth in 2023, without providing detailed estimates. Its annual
adjusted EBITDA was 180.2 million euros in 2022.
($1 = 0.9269 euros)
(Reporting by Alessandro Parodi Editing by Mark Potter)
((alessandro.parodi@thomsonreuters.com))