Ovs closes a report 2025, the acquisition of Kasanova is skipped | EUROtoday

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Ovs’ accounts are working in 2025. While the acquisition operation of Kasanova (home items participant which has been in dire straits for a while), introduced in November, and for which there had already been an extension of the provide regardless of the difficulties in reaching an settlement with the collectors, is stopped.

Stop su Kasanova

Last night time, within the final traces of the press launch asserting the closure of the 2025 monetary 12 months, it was defined that «With reference to the binding provide geared toward acquiring 100% of Kasanova, the Board of Directors of Ovs has determined to lapse its provide, expiring at the moment (yesterday for these studying this, ed.), because the situations to which it was topic haven’t occurred».

In observe, final November tenth Ovs had formally communicated its buy proposal for Kasanova, a community of round 700 factors of sale, of which round 220 straight managed, 280 in franchising and 200 corners inside specialised DIY outlets, in procuring facilities or in central areas of a very powerful Italian cities. The closing, nonetheless, was tied to quite a few situations, together with the closing of agreements with monetary collectors and the elimination of capital for losses, by Kasanova, to pave the way in which for the capital improve of Ovs to amass 100% of the shares. In the absence of an settlement with the banks, an extension of the provide, now expiring, had been initiated. And which, due to this fact, is not going to be renewed. Ovs, in brief, quit on the acquisition.

The 2025 monetary 12 months

In a nonetheless weak retail market context (gradual December and extra vigorous January, due to the gross sales), Ovs closed the 2025 monetary 12 months with an general improve in gross sales of round 7% (round +3% on the perimeter internet of Goldenpoint). Translated into absolute worth, 1.74 billion euros in comparison with 1.63 billion in 2024. Compared to 2022, a rise in gross sales of 15 %. The optimistic development of the primary 9 months of the 12 months can also be confirmed within the final quarter, which noticed all of the manufacturers develop additionally within the like-for-like perimeter.

Ebitda for the 12 months will be estimated between 216 and 218 million euros, marking a development of roughly 11% on the earlier 12 months, due to the great efficiency of the business margin and regardless of price inflation. But by 2022 development has reached 20 %. The Ebitda margin additionally grows additional. Cash era will increase by greater than 20% in comparison with 2024, pushed by Ebitda and dealing capital dynamics, with a wonderful conversion fee. From 2022, the rise will probably be near 30 %.