(Finance) – The group OVS closes 2023 with sales up 1.4% with the same surface area, as highlighted by the pre-closing numbers of the financial year, in the note released by the company.
“Thanks to the strong recovery in profitability in the fourth quarter”, the adjusted Ebitda for the year will result slightly increasing compared to 180.2 million euros in 2022. For the umpteenth time the group achieves better results than the market, reaching a share of 9.6% (it was 8.1% in 2019).
There net financial position as at 31 January 2024 it was an improvement compared to the 162 million euros at 31 January 2023, after distributing dividends of 16.4 million euros during the year and purchasing treasury shares for 31.4 million euros.
Starting February 5th, OVS launches a share buyback programme for a maximum amount of 20 million euros, up to a maximum of 11 million shares.