The Ovs group will land on the Stock Exchange on 2 March. This was announced by the managing director, Stefano Beraldo, during the press conference to present the IPO.
“We'll be back in profit already in 2014 – said the manager –, after having paid the financial charges for around 50 million. And even more so, barring surprises, we should be the same in 2015. There are all the premises for this to happen”.
In the year ended 31 January 2014 the group had recorded a loss of 10,1 million. In the first nine months of the February 2014-January 2015 financial year, ended on 31 October last year, the group was in the red for 20,3 million, while revenues in the first nine months grew by 7,4% to 877 million and the Ebitda increased by 29,2% to 102 million.
The global offer is up to 101 million shares, of which 87 million from a capital increase by Ovs and 14 million put up for sale by the shareholder Gruppo Coin. 90% (91 million shares) of the shares in the global offer are reserved for institutional placement, 10% (10 million shares) for the public offer intended for Italian savers.
The share valuation range ranges from a minimum of 4 euros to a maximum of 5,4 euros. The final price of the offer will be communicated on 24 February, the closing date of the offer itself. The total maximum net proceeds of the offer are estimated at 530,4 million euros.
