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 2020 OVS SpA Earnings Call Transcript

Sep 23, 2020 / 01:00PM GMT

Release Date Price: €0.821815

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the OVS First Half 2020 Financial 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 afternoon and welcome to this conference, which, from my side, would be as shortened as possible given that when things are doing well, it doesn't worth it to spend too much time in self congratulating. So basically, I think that we must be happy also as a signal of the country resilience to the pandemic crisis that from the day of the opening, as of this -- I can say, as of today, sales level has remained more or less in line with last year. So the second quarter generated this minus 18% that corresponds to the days of lockdown, and also August and September with some internal differentiation. But overall, generated positive sales, slightly positive versus last year.

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