Edition:
United States

OVS SpA (OVS.MI)

OVS.MI on Milan Stock Exchange

1.60EUR
18 Mar 2019
Change (% chg)

€-0.01 (-0.43%)
Prev Close
€1.61
Open
€1.62
Day's High
€1.62
Day's Low
€1.57
Volume
4,095,020
Avg. Vol
4,783,912
52-wk High
€5.59
52-wk Low
€0.65

Latest Key Developments (Source: Significant Developments)

Tamburi Owns 22.7 Percent Of OVS, Does Not Intend To Acquire Control Of Co
Thursday, 14 Mar 2019 01:15pm EDT 

March 14 (Reuters) - Tamburi ::OWNS 22.7 PERCENT OF OVS <<>>.DOES NOT INTEND TO ACQUIRE CONTROL OF OVS AT THE MOMENT.  Full Article

OVS Chairman Nicholas Stathopoulos Resigns
Monday, 11 Mar 2019 12:30pm EDT 

March 11 (Reuters) - OVS SpA ::THREE NON-EXECUTIVE DIRECTORS AND CURRENT CHAIRMAN NICHOLAS STATHOPOULOS RESIGN, EFFECTIVE FROM TODAY FOR FIRST THREE.CHAIRMAN'S RESIGNATION EFFECTIVE AS OF SHAREHOLDERS' MEETING TO APPROVE FINANCIAL STATEMENTS END-JAN.  Full Article

Cobas held 5.062 pct of Italy's OVS as of Feb 25 - Filing
Wednesday, 6 Mar 2019 09:30am EST 

March 6 (Reuters) - OVS SpA ::COBAS ASSET MANAGEMENT SGIIC HELD 5.062 PERCENT OF ITALY'S OVS AS OF FEB 25 - CONSOB FILING.  Full Article

Tamburi's Stake In OVS Surpasses 3 Pct Threshold
Wednesday, 19 Dec 2018 05:56am EST 

Dec 19 (Reuters) - Tamburi Investment Partners Spa ::HAS SURPASSED 3 PERCENT THRESHOLD ON DEC. 18 FOR ITS STAKE IN OVS <<>>.  Full Article

Italy's OVS says 9-mth results hit by exceptionally mild autumn
Wednesday, 12 Dec 2018 01:08pm EST 

Dec 12 (Reuters) - Italian high-street retailer OVS says::9-MTH NET SALES FALL 1.4 PERCENT TO 1.01 BILLION EUROS FOLLOWING UNFAVORABLE WEATHER CONDITIONS IN AUTUMN.9-MTH ADJUSTED PRE-TAX PROFIT AT 51.2 MILLION EUROS, DOWN 44 PERCENT.SEES FURTHER CONTRACTION IN Q4.  Full Article

Italy's OVS says company's fundamentals remain solid
Thursday, 18 Oct 2018 09:51am EDT 

Oct 18 (Reuters) - ITALY'S OVS SAYS::COMPANY'S FUNDAMENTALS REMAIN SOLID.WEATHER CONDITIONS HAVE DELAYED START OF FALL/WINTER SEASON BUT COMPANY HAS STARTED COST CONTROLS TO SHIELD PROFITABILITY.OVS STOCK CLOSED DOWN NEARLY 8 PERCENT ON WEDNESDAY.  Full Article

OVS Q1 adj. EBITDA 30.1 mln euros
Wednesday, 20 Jun 2018 12:40pm EDT 

June 20 (Reuters) - OVS SpA ::Q1 ADJUSTED PRETAX PROFIT 13.2 MILLION EUROS.Q1 NET SALES 353 MILLION EUROS.Q1 ADJUSTED EBITDA 30.1 MILLION EUROS.Q1 REPORTED EBITDA NEGATIVE 24.5 MILLION EUROS DUE TO 50.4 MILLION EUROS IN ASSET WRITEDOWNS.OVS SAYS DOES NOT EXPECT FURTHER NEGATIVE IMPACT FROM COMMERCIAL RELATIONSHIP WITH SEMPIONE FASHION GROUP.  Full Article

OVS: Sempione Fashion Obtains Admission To Provisional Composition Moratorium Procedure
Thursday, 31 May 2018 02:22am EDT 

May 31 (Reuters) - OVS SpA ::SEMPIONE FASHION HAS OBTAINED ADMISSION TO PROVISIONAL COMPOSITION MORATORIUM PROCEDURE.ADMISSION TO PROCEDURE ALLOWS SEMPIONE FASHION TO CONTINUE BUSINESS ACTIVITY FOR UP TO FOUR MONTHS TO RESOLVE FINANCIAL DISTRESS.MIGHT BE IN CONDITION OF WRITING-DOWN RECEIVABLES FROM SEMPIONE FASHION FROM FEB 1 FOR ABOUT EUR 14 MILLION.UP TO EUR 4.4 MILLION FOR DEFERMENT OF PAYMENT SHOULD BE ADDED TO RECEIVABLES AMOUNT.NO ASSURANCE THAT OTHER COMPANIES OF GROUP TO WHICH SEMPIONE FASHION BELONGS MIGHT SUFFER PROGRESSIVE WORSENING OF THEIR FINANCIAL SITUATION.PROGRESSIVE WORSENING OF OTHER COMPANIES COULD DETERMINE FURTHER WRITING-DOWN OF RECEIVABLES DUE TO OVS.  Full Article

OVS CEO sees "material increase" in EBITDA in 2018
Thursday, 19 Apr 2018 10:06am EDT 

April 19 (Reuters) - Italian retailer OVS::CEO SEES "MATERIAL INCREASE" IN EBITDA AND IMPROVEMENT IN NET FINANCIAL POSITION IN 2018.CEO SAYS DECISION TO NOT PAY DIVIDEND MUST NOT BE LINKED TO FINANCIAL PROBLEMS, GROUP WANTS TO KEEP "AMMUNITION TO CREATE VALUE".ITALIAN MARKET STILL NEGATIVE IN FEBRUARY AND MARCH AFTER A DIFFICULT JANUARY, WITH CURRENT FOREX HEDGING SEES SIGNIFICANT BENEFITS FROM EURO/DLR TREND IN 2018, 2019 - SLIDE.  Full Article

OVS 9-mth EBITDA up 9.6 pct to 138 mln euros
Monday, 11 Dec 2017 12:01pm EST 

Dec 11 (Reuters) - Ovs says::9-MONTH REPORTED SALES 1.12 BILLION EUROS; SALES EXCLUDING CHARLES VOEGELE DEAL AT 1.03 BILLION EUROS.9-MONTH EBITDA UP 9.6 PERCENT TO 138 MILLION EUROS.  Full Article

Cloud hangs over Italy's Stefanel and OVS after autumn warnings

MILAN Italian clothing groups Stefanel and OVS face an urgent quest to convince investors that they can overhaul their business models after trading disappointments.