(Finance) – Strong rise for OVSwhich changes hands, exceeding the previous values by 7.62%, after the coupon and the financial results in line with the preliminary and expected indications.
“For 2024 the company expects sales to grow further compared to the financial year just concluded, both due to the current strengthening of its customer base, which shows that it increasingly appreciates new product projects, and due to the desirable climate normalization – commented the CEO Stefano Beraldo – Sales from beginning of the financial year are growing by approximately 5% compared to the same period of 2023, when they were already significantly increasing compared to the previous financial year”.
“The whole of 2024 will benefit from the normalization of product costs which, having soared post-covid, have only decreased starting from the second half of 2023 – he added – We expect that the expected increase in labor costs for the renewal of the national contract will be compensated by better sales combined with a better margin”.
The comparison of the title with the FTSE Italia All-Shareon a weekly basis, shows the greatest relative strength of clothing leader in Italy compared to the index, highlighting the concrete attractiveness of the stock by buyers.
Technical picture evidently deteriorating with controlled supports estimated in the 2.247 Euro area. On the upside, however, a polarizing level of greater outflows is seen at 2.365. The worsening of OVS it is highlighted by the downward crossing of the 5-day moving average with the 34-day moving average. The possibility of new declines with a target of 2.177 is concrete very soon.