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

Q4 2023 OVS SpA Earnings Call Transcript

Apr 18, 2024 / 01:00PM GMT

Release Date Price: €2.32 (+6.91%)

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the OVS full year 2023 financial results conference call. (Operator instructions)

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

Stefano Beraldo

OVS SpA - Chief Executive Officer, General Manager, Executive Director

Hello good afternoon, thank you. Basically this is to inform you about the result of the full year '23, which has been a strange year, characterized by unusually negative weather conditions, which impacted negative both first half and also second half with a very rain beginning of summer with the 1.5 months April and May, which has seen a sales challenge there by rain and cold weather and where the recovery has been has been able to take place only during the month of July and August are well characterized by lower margin because of markdown of the typically seasonal markdown period.

And we started the second half with a similar adverse challenger by the weather because

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