OVS SpA
MIL:OVS
OVS SpA
OVS SpA engages in the creation, development and marketing of clothing & accessories for men, women, and children. The company is headquartered in Venice, Venezia and currently employs 5,935 full-time employees. The company went IPO on 2015-03-02. The firm provides a wide range of different products, including apparel, accessories, footwear, sportswear and home furnishings, among others. The company owns the OVS and UPIM brands and owns and manages, under the same trademarks, e-shops and counts over 1,600 stores in Italy and all over the world. The firm also owns the brands OVS KIDS and BLUKIDS, specialized in children's wear. Under the OVS brand the Company also provides customers with a dedicated and customizable personal shopper service bookable online.
OVS SpA engages in the creation, development and marketing of clothing & accessories for men, women, and children. The company is headquartered in Venice, Venezia and currently employs 5,935 full-time employees. The company went IPO on 2015-03-02. The firm provides a wide range of different products, including apparel, accessories, footwear, sportswear and home furnishings, among others. The company owns the OVS and UPIM brands and owns and manages, under the same trademarks, e-shops and counts over 1,600 stores in Italy and all over the world. The firm also owns the brands OVS KIDS and BLUKIDS, specialized in children's wear. Under the OVS brand the Company also provides customers with a dedicated and customizable personal shopper service bookable online.
Revenue Growth: OVS reported a 4.1% increase in sales for the first half of 2025, with organic growth at 2.2% and Goldenpoint contributing an additional 2%.
Profitability: Gross margin rose by 6%, EBITDA increased by 14%, and net income was up almost 32% compared to last year, reflecting strong operating leverage.
Brand Performance: The women's segment, especially brands Les Copains and PIOMBO, continued to outperform, driving higher sales and margins.
Beauty Segment: Beauty sales doubled in OVS since 2021, now making up 8% of OVS sales and 10% at Upim, and continue to grow at a double-digit rate.
Cash Flow & Guidance: Free cash flow for the full year is expected to be about EUR 70 million, above last year's EUR 69 million, with Goldenpoint's contribution expected to be neutral.
Gross Margin Outlook: Management expects full-year gross margin to be slightly higher than last year, although the second half will be seasonally lower than the first.
International Expansion: New wholesale partnerships in Japan and Mexico, and the first store opening in India, are laying groundwork for future international growth.
M&A Activity: OVS is actively considering the acquisition of Kasanova, aiming for cost synergies and network expansion, though any deal would require significant debt reduction at Kasanova.
