Leading Italian clothing retailer
OVS S.p.A. posted sales increases of 7.5% to 1.31 billion euros
at the end of 2015, the company said Thursday.
It reached a 7% market share by year's end, up 60 basis
points compared to 2014, it said.
Gross operating margin grew 14.3% to 179.6 million euros
and net income more than tripled, jumping 25.3% to 81.1 million
euros.
Net financial debt fell from 624.4 to 235 million euros in
the period.
The board of directors approved dividends of 0.15 eurocents
a share, the company said.
OVS stocks shed 0.84% to close at 5.335 euros a share on
the Milan exchange.
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