OVS Q1 adjusted EBITDA improves by 2.8 percent

OVS Spa in its first quarter statement sales that sales grew by 2 percent, excluding the sell-in to Sempione Fashion Group and despite a significant market contraction that affected the European and the domestic markets (a cumulative -5.1 percent during the February-April period). During the period, the company’s store network expanded by 54 stores, of which 26 were opened abroad, mainly through franchising, and seven full format DOS.