OVS H1 2026 slides: sales rise 11%, margins expand on turnaround

Italian apparel retailer OVS reported its first-half 2026 financial results on September 24, 2026, highlighting double-digit sales growth and improved margins. The company's net sales rose 10.7% year-over-year to €877.4 million, with EBITDA increasing 12.3% to €114.3 million. OVS also managed to reduce its net debt by €53.6 million and distribute €44.1 million to shareholders through dividends and buybacks.

The stronger-than-expected performance reflects the company's successful balance between price, quality, and fashion positioning, as well as improvements in its Goldenpoint acquisition. Sales growth was driven by both the OVS brand, which saw a 6.1% year-over-year increase and a 15.1% EBITDA margin, and Upim, the group's second-largest brand, with a 6.1% sales growth and an 11.9% EBITDA margin.

The Goldenpoint integration, which began in July 2025, achieved an impressive 11% sales growth and generated positive EBITDA. The company's operational improvements, including better working capital management, contributed to its strong cash generation during the period.