OVS sees sales rise 6% in the first nine months, EBITDA up 9.4%

In the nine months from February 1 to October 31, 2025, OVS Spa reported web sales of 1,244.7 million euros, up 5.8% on the first nine months of 2024. Pro-forma development, excluding Goldenpoint’s contribution, was 2.9%, 4 share factors forward of the market.

By sales channel, direct retailer sales totalled 1,004 million euros (+7.6% versus 2024; pro-forma development +4.0%). The franchising and B2B channel posted revenues of 241 million euros, down 0.9% 12 months on 12 months attributable to decrease sales to off-price marketplaces, whereas enterprise with franchise companions edged up barely.

During the interval, adjusted EBITDA reached 152.3 million euros, up 17.1 million on the identical interval of 2024, with a optimistic contribution from Goldenpoint. Breaking this down, OVS’s EBITDA rose by 11.6 million to 122.8 million euros; Upim’s EBITDA was 30.5 million, in contrast with 29.3 million final 12 months; and Stefanel’s EBITDA elevated by round 2 million euros.

The third quarter confirmed the group’s optimistic momentum, with web sales of 452 million euros (+9%; +4.1% excluding Goldenpoint). Adjusted EBITDA was 50.6 million euros, up 9.4%.

“The growth in the third quarter was particularly significant given the challenging basis for comparison with the same period last year, which recorded an exceptional +13%. (…) This performance reflects the effectiveness of the strategic choices made, particularly in the womenswear segment, with an assortment structured around collections with distinct and complementary identities. The Piombo, Les Copains, and B.Angel collections are therefore delivering significantly better sales per square metre than the rest of the range. The beauty segment also continued to deliver excellent results, with double-digit growth,” commented CEO Stefano Beraldo.

“In terms of performance by banner, the strongest growth was achieved by OVS, while Upim consolidated the exceptional +8% posted in the first nine months of 2024. Stefanel also performed very well, with like-for-like growth of around 10% in the quarter. Finally, our approach to managing Goldenpoint is beginning to deliver its first results: overall sales are up by around 10% on the comparable period, driven by the success of the product categories developed by our design studios,” he mentioned.