Latest news with #GoldenPoint
Yahoo
18-06-2025
- Business
- Yahoo
OVS SpA (FRA:0OV1) Q1 2025 Earnings Call Highlights: Navigating Challenges and Capitalizing on ...
Release Date: June 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OVS SpA (FRA:0OV1) reported a positive start to the second quarter with single-digit growth, despite unfavorable weather conditions. The company is experiencing positive tailwinds, such as a weak dollar and reduced raw material costs, which are expected to contribute positively to the gross margin. The acquisition of Golden Point is expected to enhance OVS SpA's market position, with plans to fully control the company and capitalize on its potential. The women's wear category, particularly the Leopan collection, has shown strong performance, contributing to sales growth. OVS SpA has a stable net financial position, with a leverage ratio around 1.34, providing flexibility for cash management and future investments. The first quarter was weaker than expected, with a slight decline in profit before tax compared to the previous year. Franchising sales showed a slight decline due to phasing effects, impacting the performance of the OPA brand. The company faced challenges with certain product categories, such as leggings, which did not meet expectations. Golden Point's performance was slightly below expectations, affecting the overall sales expansion forecast. The first quarter saw increased labor and energy costs, impacting overall profitability. Warning! GuruFocus has detected 7 Warning Signs with FRA:0OV1. Q: Can you provide some performance figures for Golden Point in 2025, considering the performance this year is slightly below expectations? A: The year 2025 started a bit lower than expected, but we anticipate ending the year with sales in line with last year's results, around 100 million. The summer season has started well, and we expect a positive outcome driven by strong performances in underwear and nightwear, despite some challenges with leggings. (Stefano Beraldo, CEO) Q: What are the capital expenditure requirements for Golden Point's network expansion? A: Over the next two to three years, we expect to spend 15 to 20 million on refurbishing stores, which should lead to increased sales. This investment will be spread over a three-year period. (Stefano Beraldo, CEO) Q: Can you clarify the seasonality of Golden Point's profitability? A: Typically, the first quarter is challenging, while the second quarter is stable. The third quarter is very strong, and the fourth quarter benefits from Christmas sales. We expect to improve performance in the second half, particularly in nightwear, which is strong in the winter season. (Stefano Beraldo, CEO) Q: Regarding the acquisition of Golden Point, does the 25 to 30 million additional debt include payment and working capital requirements? A: The net financial position includes all working capital needs, and we do not anticipate significant movements in working capital. The acquisition price is favorable compared to previous estimates and is manageable within our financial structure. (Francesco, CFO) Q: How do you expect sourcing and sales density to impact Golden Point's profitability in 2026? A: The main driver of profitability will be like-for-like growth in key segments such as socks, nightwear, and underwear. Additionally, we expect gross margin improvements due to favorable external conditions and sourcing efficiencies. (Francesco, CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
India Gazette
13-06-2025
- Sport
- India Gazette
UTT season 6: U Mumba qualify for semi-finals, end Dabang Delhi's unbeaten streak
Ahmedabad (Gujarat)[India], June 13 (ANI): U Mumba TT secured the fourth and final semi-final spot with a 10-5 win over Dabang Delhi TTC in the Ultimate Table Tennis (UTT) Season 6 on Thursday. While the defeat ended Delhi's four-tie winning run, the Season 2 champions still finished top of the league table with 44 points. Both teams wore black armbands and observed a minute's silence before kick-off to pay respect to the victims of the Ahmedabad plane crash tragedy. Staged under the aegis of the Table Tennis Federation of India (TTFI) and promoted by Niraj Bajaj and Vita Dani, UTT continues to grow as a premier professional league. All 23 ties, over 16 action-packed days, will take place at Ahmedabad's EKA Arena. Lilian Bardet gave U Mumba TT the perfect start, defeating Sathiyan Gnanasekaran 2-1 in the opening singles rubber. After edging a close first game 11-10, Bardet dropped the second 4-11 but responded strongly with an 11-4 win in the decider. Bernadette Szocs followed it up with a 2-1 win over Diya Chitale. Chitale took the first game 11-3, but Szocs levelled with a narrow 11-10 Golden Point win and closed out the match 11-8. The momentum carried into the mixed doubles, where Szocs partnered Akash Pal to beat Izaac Quek and Diya Chitale in the opening game, confirming U Mumba's place in the semifinals. Delhi, however, bounced back, winning the remaining two games and, subsequently, the match. Abhinandh PB added two more points for U Mumba with a 2-1 win over Singapore's Izaac Quek. Abhinandh, in his first appearance of the season, started strong, taking the first two games, before Izaac pulled one back with an 11-7 win, enough to take Dabang Delhi to the top of the table. In the final rubber, Yashaswini Ghorpade defeated her World Youth Championships 2023 teammate Suhana Saini 3-0, winning two tight games on Golden Point before closing the match 11-3. Szocs picked up the double honours of the Foreign Player and Shot of the Tie, while Yashaswini was named the Indian Player of the Tie. Dabang Delhi will now face Jaipur Patriots in the first semi-final, while reigning champions Dempo Goa Challengers will take on U Mumba TT in the second. The winners of the respective ties will compete in the Grand Finale on June 15. Final Scores U Mumba TT 10-5 Dabang Delhi TTC Lilian Bardet beat Sathiyan Gnanasekaran 2-1 (11-10, 4-11, 11-4) Bernadette Szocs beat Diya Chitale 2-1 (3-11, 11-10, 11-8) Akash Pal/Bernadette Szocs lost to Izaak Quek/Diya Chitale 1-2 (11-5, 7-11, 5-11) Abhinandh PB beat Izaac Quek 2-1 (11-4, 11-9, 7-11) Yashaswini Ghorpade beat Suhana Saini 3-0 (11-10, 11-10, 11-3). (ANI)
Time of India
08-06-2025
- Sport
- Time of India
Jeet Chandra stuns WR34 Ricardo Walther to power Jaipur Patriots past Ahmedabad SG Pipers in IndianOil UTT Season 6
Jaipur: Indian campaigner Jeet Chandra led from the front as Jaipur Patriots beat Ahmedabad SG Pipers in the IndianOil Ultimate Table Tennis (UTT) in Ahmedabad on Saturday. Jeet pulled off a stunning 2-1 upset win over World No. 34 and World Championships silver medalist Ricardo Walther, powering Jaipur to an 11-4 victory that sent them to the top of the table. All ties this season are broadcast live on Star Sports Khel and Star Sports 2 Tamil and streamed on JioHotstar. Staged under the aegis of the Table Tennis Federation of India (TTFI) and promoted by Niraj Bajaj and Vita Dani, IndianOil UTT continues to grow as a premier professional league. All 23 ties, over 16 action-packed days, will take place at Ahmedabad's EKA Arena, with tickets available only on BookMyShow. The tie opened with Jaipur Patriots' Kanak Jha surviving a spirited debut from Divyansh Srivastava, edging the opener on Golden Point before closing out the next two games 11-8, 11-6. Britt Eerland then doubled the lead with a composed 3-0 win over Giorgia Piccolin, sealing the third game with another Golden Point. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트, 비용 걱정되셨다면? 인천 시민을 위한 알짜 정보 플란치과 더 알아보기 Undo Ahmedabad clawed two games back through Walther and Ayhika Mukherjee, who took the mixed doubles 2-1 over Jeet and Eerland. Jeet returned to face Walther in the singles and delivered a sensational performance. He edged the German in the first game on Golden Point, dropped the second, but stormed back to take the decider 11-9—marking one of his biggest wins in IndianOil UTT yet. With the tie already in their hands, Sreeja Akula held off Ayhika Mukherjee in the final rubber, coming from a game down to win 2-1 and seal Jaipur's dominant 11-4 triumph. For his standout display, Jeet picked up the Indian Player of the Tie, as well as the Shot of the Tie honours. Meanwhile, Eerland's clean sweep over Piccolin saw her named the Foreign Player of the Tie. At the Dream UTT Juniors—a joint initiative by IndianOil UTT and Dream Sports Foundation—U Mumba TT and Kolkata ThunderBlades booked their spots in the final with solid semi final wins. Prateek Tulsani and Ananya Muralidharan starred for U Mumba in a 5-2 win over Jaipur Patriots, combining for a dominant doubles sweep to seal the deal. In the other tie, Kolkata's Ritvik Gupta and Swara Karmakar delivered a clinical 5-3 victory over Dempo Goa Challengers, winning both their singles rubbers and contributing vital points in the doubles. Final Scores Jaipur Patriots 11-4 Ahmedabad SG Pipers Kanak Jha bt. Divyansh Srivastava 3-0 (11-10, 11-8, 11-6) Britt Eerland bt. Giorgia Piccolin 3-0 (11-7, 11-5, 11-10) Jeet Chandra/Britt Eerland lost to Ricardo Walther/Ayhika Mukherjee 1-2 (8-11, 11-9, 7-11) Jeet Chandra bt. Ricardo Walther 2-1 (11-10, 9-11, 11-9) Sreeja Akula bt. Ayhika Mukherjee 2-1 (8-11, 11-7, 11-6).
India Today
08-06-2025
- Sport
- India Today
Yashaswini Ghorpade stuns Fan Siqi as U Mumba, Jaipur Patriots dominate in UTT
India's 20-year-old rising star Yashaswini Ghorpade caused a major upset in IndianOil Ultimate Table Tennis (UTT) Season 6 on Saturday, becoming the first player to beat China's Fan Siqi this season. Yashaswini's fearless performance helped U Mumba TT secure a 9-6 victory over Stanley's Chennai Lions at Ahmedabad's EKA in the day, Jeet Chandra led Jaipur Patriots to a dominant 11-4 win against Ahmedabad SG Pipers. Jeet stunned World No. 34 and World Championships silver medallist Ricardo Walther of Germany with a 2-1 singles victory, one of his biggest wins in the league so far. Jaipur Patriots climbed to the top of the table with this emphatic league, held under the Table Tennis Federation of India (TTFI) and promoted by Niraj Bajaj and Vita Dani, continues to grow in stature as India's premier professional table tennis league. All 23 ties across 16 action-packed days are being played at EKA Arena, with matches broadcast live on Star Sports Khel and Star Sports 2 Tamil, and streamed on JioHotstar. In the U Mumba vs Chennai Lions tie, Lilian Bardet gave U Mumba a strong start with a 2-1 win over Kirill Gerassimenko. Yashaswini then faced Fan Siqi, who was unbeaten this season. Yashaswini dominated the first game 11-5, fell behind 2-7 and later 8-10 in the third game, before fighting back to win 11-10 on Golden Point — handing Fan her first defeat of the season.U Mumba's momentum continued as Akash Pal and Bernadette Szocs combined for a 2-1 mixed doubles win. Though Payas Jain levelled the tie with a 3-0 win over Akash, Szocs delivered a flawless 3-0 victory over Poymantee Baisya to seal the Patriots also featured strong performances from Kanak Jha, Britt Eerland, and Sreeja Akula, who secured the tie with a comeback win over Ayhika the Dream UTT Juniors semifinals, U Mumba TT and Kolkata ThunderBlades booked their spots in the final with solid team efforts, highlighting the league's focus on developing young talent.
United News of India
08-06-2025
- Sport
- United News of India
U Mumba defeat Stanley's Chennai Lions 9-6 in UTT Season 6
Ahmedabad, June 7 (UNI) India's 20-year-old rising star Yashaswini Ghorpade pulled off a massive upset in UTT Season 6, becoming the first paddler to beat China's Fan Siqi this season in U Mumba TT's 9-6 win over Stanley's Chennai Lions on Saturday. Earlier, Jeet Chandra upset World No. 34 Ricardo Walther of Germany as Jaipur Patriots recorded a dominant 11-4 win over Ahmedabad SG Pipers. Staged under the aegis of the Table Tennis Federation of India (TTFI) and promoted by Niraj Bajaj and Vita Dani, IndianOil UTT continues to grow as a premier professional league. All 23 ties, over 16 action-packed days, will take place at Ahmedabad's EKA Arena. U Mumba's Lilian Bardet continued his fine form with a 2-1 win over Kirill Gerassimenko, setting his team on their way. Then came the moment of the night: 20-year-old Yashaswini faced the unbeaten Fan and stunned the Chinese ace with a fearless performance. After dominating the opening game 11-5, Yashaswini fell behind 2-7 and then 8-10 in the third. Battling back, she reeled off three straight points to take the game 11-10 on Golden Point and hand Fan her first defeat of the season. The momentum continued with Akash Pal and Bernadette Szocs combining for a 2-1 mixed doubles win, though Payas Jain swept Akash 3-0 in the next rubber to bring Stanley's Chennai Lions level on the night. Szocs, however, delivered a flawless 3-0 win over Poymantee Baisya to secure the tie for U Mumba, who moved to second in the table. Payas was named the Indian Player of the Tie, while Szocs claimed the Foreign Player of the Tie award. Yashaswini took home the Shot of the Tie honours. Earlier, Indian paddler Jeet Chandra led from the front as Jaipur Patriots beat Ahmedabad SG Pipers in a dominant 11-4 victory, climbing to the top of the table. Jeet stunned WR34 and World Championships' silver medalist Ricardo Walther 2-1 in singles, sealing one of his biggest IndianOil UTT wins yet. Jaipur started strongly as Kanak Jha overcame a gritty debut from Divyansh Srivastava, while Britt Eerland swept Giorgia Piccolin 3-0. Ahmedabad hit back through Walther and Ayhika Mukherjee in the mixed doubles, but Jaipur stayed in control, with Sreeja Akula wrapping up the tie with a 2-1 comeback win over Ayhika. Jeet earned Indian Player and Shot of the Tie honours, with Eerland named Foreign Player of the Tie. At the Dream UTT Juniors—a joint initiative by IndianOil UTT and Dream Sports Foundation—U Mumba TT and Kolkata ThunderBlades booked their spots in the final with solid semifinal wins. Prateek Tulsani and Ananya Muralidharan starred for U Mumba in a 5-2 win over Jaipur Patriots, combining for a dominant doubles sweep to seal the deal. In the other tie, Kolkata's Ritvik Gupta and Swara Karmakar delivered a clinical 5-3 victory over Dempo Goa Challengers, winning both their singles rubbers and contributing vital points in the doubles. Final Scores: Jaipur Patriots 11-4 Ahmedabad SG Pipers Kanak Jha bt. Divyansh Srivastava 3-0 (11-10, 11-8, 11-6) Britt Eerland bt. Giorgia Piccolin 3-0 (11-7, 11-5, 11-10) Jeet Chandra/Britt Eerland lost to Ricardo Walther/Ayhika Mukherjee 1-2 (8-11, 11-9, 7-11) Jeet Chandra bt. Ricardo Walther 2-1 (11-10, 9-11, 11-9) Sreeja Akula bt. Ayhika Mukherjee 2-1 (8-11, 11-7, 11-6) U Mumba TT 9-6 Stanley's Chennai Lions Lilian Bardet bt. Kirill Gerassimenko 2-1 (11-6, 7-11, 11-3) Yashaswini Ghorpade bt. Fan Siqi 2-1 (11-5, 6-11, 11-10) Akash Pal/Bernadette Szocs bt. Payas Jain/Fan Siqi 2-1 (11-4, 11-3, 8-11) Akash Pal lost to Payas Jain 0-3 (5-11, 8-11, 4-11) Bernadette Szocs bt. Poymantee Baisya 3-0 (11-8, 11-6, 11-3). UNI BM
