Q1 2026 OVS SpA Earnings Call Transcript
Key Points
- OVS SpA (STU:0OV1) reported a strong first quarter with a 7.5% increase in sales on an organic basis, leading to a 27% rise in EBITDA.
- The integration of Goldenpoint has been successful, contributing positively to the company's growth trajectory.
- The company's flagship brand, OVS, achieved an EBITDA margin above 10% in the first quarter, despite it being the weakest quarter due to seasonality.
- International expansion efforts, particularly in Spain and India, are showing promising results with stores performing better than budget expectations.
- The company is experiencing strong growth in the women's segment, which is a larger market compared to men and kids, aligning with their strategic goals.
- Goldenpoint's first quarter performance was negatively impacted by seasonality, contributing to a weaker overall result.
- The apparel market's positive performance was partly attributed to favorable weather conditions, which may not be sustainable.
- UPIM's profitability remained unchanged despite strong sales growth, due to higher markdowns to clear old stock.
- The company is facing challenges with the Gap brand, planning to wind down operations due to underperformance.
- There is uncertainty regarding the sustainability of Stefanel's rapid growth, which may not continue at the current pace.
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the OVS first-quarter 2026 financial results conference call.
(Operator Instructions)
At this time, I would like to turn the conference over to Mr. Stefano Beraldo, CEO of OVS. Please go ahead, sir.
Hello. Good afternoon. Thank you for being with us for this first-quarter conference call.
Let me start by saying that we are very happy because the first quarter, first of all, confirms that we are in a very healthy moment with our company. The rightfulness of our strategy has been confirmed by this quarter.
Really, all the brands; all the business units of the group performed well, even thanks to a positive market behavior. But, as usual, we overbeat the market, by far, with incredible performance, in some cases, like Stefanel; or with super solid performance in our flagship brand, OVS; also, UPIM.
Very well, also, the integration of
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