OVS H1 sales up 8.9 percent, EBITDA improves by 9.4 percent

Total sales at OVS grew by 57 million euros (67 million dollars) to 697.1 million euros (828 million dollars), a rise of 8.9 percent, with a 4.1 percent positive contribution from network development and the initial effects of the commercial agreement with Charles Voegele, up 4.8 percent. The company however said that like-for-like sales registered a flat performance, reflecting a particularly unfavourable market in July, which saw sales decline by 2.8 percent. EBITDA was 82.1 million euros (97 million dollars), up by 7 million euros (8.3 million dollars) or 9.4 percent and with margin improvement of around 10bps, compared with the same period of 2016.