The adjusted net debt was €261.1 million, with the debt-to-EBITDA ratio stable year-over-year (YoY). Encouragingly, May sales have shown mid-single-digit growth, and year-to-date EBITDA has surpassed 2024 figures, reinforcing confidence in achieving 2025 growth targets, OVS Group said in a press release.
Brand-wise, OVS continued its growth trajectory, while Upim faced a slowdown due to tough comparables from 2024 and unfavourable weather impacting footfall in city centre stores.
Meanwhile, the group is expediting the Goldenpoint acquisition, aiming for rapid brand relaunch and full synergy realisation—strengthening the outlook for 2026.
OVS has revised its agreement with Gilfin Srl to immediately acquire the remaining 97 per cent stake in Goldenpoint, gaining full ownership of one of Italy’s most recognised underwear and beachwear brands. This decision follows the successful joint initiatives between OVS and Goldenpoint teams since the initial investment in July 2024, which included a 3 per cent share purchase and a convertible bond subscription.
Positive sales of co-developed products realised cost synergies, successful store restructuring, and the launch of 22 new franchise stores have all validated the relaunch strategy. The acquisition aims to fast-track Goldenpoint’s growth and brand transformation, with expected sales of €50–60 million and positive EBITDA in the second half (H2) of 2025, added the release.
The financial debt of the company is projected at €25–30 million by year-end, and the acquisition will be funded entirely through OVS's existing financial structure. Monica Grassi, current controlling shareholder, will remain on the board to support the brand’s ongoing development.
ALCHEMPro News Desk (SG)
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