OVS Co Operates With Charles V Gele To Boost Sales Growth

According to the world clothing shoes and hats net, Italy

Brand operator

S.p.A. announced the first half of 2017 financial data, sales network expansion and Switzerland

The agreement reached by the retailer Charles V o Gele contributed to the growth of the company's sales.

OVS S.p.A. core financial data for the first half of 2017 are as follows:

Sales reached 691 million euros, an increase of 8.9% over the same period last year.

The profit before tax and depreciation and amortization (EBITDA) is about 82 million 100 thousand euros, representing an increase of 9.4% over the same period last year, accounting for about 11.8% of sales.

The increase in sales mainly stems from the initial effect of the expansion of the sales network (+4.1%) and the agreement with Charles V o Gele, a Swiss clothing retailer (+4.8%).

The profit for continuing operations was 38 million 400 thousand euros, up 24.8% over the same period last year, but the reported net loss reached 15 million 900 thousand euros. The official explanation is "taking into account the non cash impact of the euro / dollar banknote reserve fund on futures market price decision on commodity purchase in 2018".

Brand:

UPIM is the most prominent brand of OVS S.p.A. in the first half of 2017, with sales reaching 109 million euros (excluding sales for Charles V Gele Gele), an increase of 8.1% over the same period last year. The official report shows that it has benefited from the UPIM all-round sales network and the positive expansion of children's wear (Blukids) franchise. The profit before tax and depreciation and amortization of UPIM has reached 12 million euros, an increase of 44.5% over the previous year, reaching about 10.6% of the sales of the brand (excluding sales of Charles V Charles).

OVS brand sales amounted to 557 million euros (excluding sales for Charles V Gele), an increase of 3.4% compared with the same period last year. The official note was "sustained expansion of direct sales channels". OVS's profit before depreciation and amortization was 71 million euros, up 5.2% over the same period last year, accounting for about 12.7% of brand sales (excluding sales for Charles V Gele).

At the group level, OVS S.p.A. currently has a market share of about 7.55%, compared with 7.15% in the same period in 2016.

Channels:

In the first half of 2017, the number of OVS S.p.A.'s newly opened outlets in Italy was 13. In the same period, there were new 4 stores in other markets of the world.

During the first half of 2017, there were 32 new franchised stores in Italy, and 15 new franchised stores overseas.

The electricity supplier channel also achieved rapid growth in the first half of 2017. Sales increased by 59%. In Italy, it was mainly due to the continuous expansion of ovs.it, and all other European countries benefited from the development of the new platform ovsfashion.com.

Group CEO Stefano Beraldo said: "we believe that the effectiveness of the OVS S.p.A. strategy will help us further consolidate the Italy market, so that even if sales decline, the group will still benefit from the overall market economy and a small number of strong franchisees.

At the same time, the expansion of foreign markets will bring tangible benefits to OVS S.p.A., and the expansion is mainly achieved through commercial agreements with Charles V Gele Gele, which will show clearly in the second half of this year.

About OVS S.p.A.

Founded in 1972, it was originally a part of COIN, a well-known chain store group in Italy. It mainly engaged in the design, production and brand operation of men's wear, women's wear and children's wear, and was split on the Milan stock exchange in March 2015.

Its brands include OVS, OVS KIDS, UPIM and BLUKIDS.

More interesting reports, please pay attention to the world clothing shoes and hats net.