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OVS SpA (OVS.MI)

OVS.MI on Milan Stock Exchange

1.15EUR
11 Dec 2018
Change (% chg)

€-0.13 (-9.93%)
Prev Close
€1.28
Open
€1.29
Day's High
€1.30
Day's Low
€1.13
Volume
8,266,214
Avg. Vol
1,760,507
52-wk High
€6.26
52-wk Low
€1.13

Latest Key Developments (Source: Significant Developments)

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

BRIEF-OVS: Charles Voegele Austria Files For Restructuring With Partial Reimbursment Of Credits

* SAID ON TUESDAY CHARLES VOEGELE AUSTRIA HAD FILED REQUEST OF INSOLVENCY PROCEEDING FOR RESTRUCTURING WITHOUT "SELF-ADMINISTRATOR"