Home Street Fashion Italian company OVS’ net sales surge 5% in Q1 FY24

Italian company OVS’ net sales surge 5% in Q1 FY24

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OVS reported Q1 FY24 net sales of €352.2 million (~$380.5 million), a 5 per cent increase from Q1 FY23.
Growth was driven by a 5.1 per cent rise in directly operated store sales and a 3.2 per cent increase in franchise sales.
Adjusted EBITDA improved to €29.7 million, with an EBITDA margin of 8.4 per cent.
Adjusted profit before tax rose to €10.1 million.OVS reported Q1 FY24 net sales of €352.2 million (~$380.5 million), a 5 per cent increase from Q1 FY23.
Growth was driven by a 5.1 per cent rise in directly operated store sales and a 3.2 per cent increase in franchise sales.
Adjusted EBITDA improved to €29.7 million, with an EBITDA margin of 8.4 per cent.
Adjusted profit before tax rose to €10.1 million.

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