OVS SpA (LTS:0R5R)

€ 2.822 -0.006 (-0.21%) Market Cap: 691.14 Mil Enterprise Value: 1.98 Bil PE Ratio: 14.55 PB Ratio: 0.80 GF Score: 71/100

Half Year 2019 OVS SpA Earnings Call Transcript

Sep 20, 2019 / 10:00AM GMT

Release Date Price: €1.76

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the OVS First Half 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Stefano Beraldo, Chief Executive Officer of OVS. Please go ahead, sir.

Stefano Beraldo

OVS S.p.A. - CEO, GM & Executive Director

Good morning to everyone. We are here for the 6-month result of OVS. I'll start saying that it has been still a second consequent half characterized by negative external conditions. Weather has been again after a very tough autumn/winter, which was too warm, again adverse with extremely rainy and cold months of April and May, which are 2 important months for our company. Fortunately, a good recovery in June and July enabled the company to mitigate the effect of this negative situation.

The company is still solid because it continues demonstrating that in a difficult external environment what competitors in Italy are suffering. Still traffic, still sales and market share continues to

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