(Finance) – The results of the first half of OVS they show net sales reaching 762 million euros, with a growth of 3.6% compared to the first half of 2023. The excellent first quarter was followed by a second quarter with sales increasing by 2.8% compared to the same period of 2023, despite even more unfavorable weather.
The gross margin grows significantly, reaching 59.6% of sales, up approximately 200 basis points compared to 57.7% in the first half of 2023.
Adjusted EBITDA amounted to EUR 89.0 million, up EUR 2.6 million compared to the first half of 2023.
Net profit adjusted is 34.6 million euros, an increase of 0.9 million euros compared to the first half of 2023.
There Financial position adjusted net loss at 31 July 2024 of -263.0 million Euro. In the last 12 months, the group generated cash for approximately 60 million Euro and purchased treasury shares and distributed dividends for 80 million Euro.
The Board of Directors has resolved theextension of the current buyback plan for a further 10 million of Euros to support the liquidity of the title.