OVS celebrates its first six months' figures and a strong start to the third quarter.

(Il Sole 24 Ore Radiocor) - OVS is celebrating its first-half results and a strong start to the third quarter. Specifically, the group closed the first half of 2025 (February-July) with net sales up over 4% to €793 million. The adjusted trading margin exceeded 60% of sales, while adjusted EBITDA reached €102 million (+14.3%) with an EBITDA margin of 12.8% of sales. Adjusted net profit was €46 million (+32%).

These are "solid numbers across the board, with improving margins and double-digit net profit growth , a sign of the resilience of the business model and OVS's ability to weather a volatile consumer environment," commented analysts at Intermonte, who have an outperform rating with a target price of €4.50. They stated that "the strong start to the third quarter of 2025 confirms visibility on the 2025 targets and strengthens confidence in the group's ability to generate cash, keep leverage under control, and continue on its path to creating shareholder value." Equita experts, for their part, emphasized that margin results were slightly better than expected and that current trading shows double-digit growth in August and good levels in September. "These are good indications," they commented, "but not very indicative of the outlook for the second half of the year, given the low seasonality of these weeks and the more difficult comparison since mid-September given the strong start to the Fall/Winter 2024 season." Equita currently sees no room for revision of its estimates and confirms its buy rating with a target price of 4.20 euros.