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OVS Strong growth in Sales , EBITDA and cash generation Strong growth in market share continued , now 9.3 % ( + 106Bps in the last twelve months and + 25Bps in the third quarter of the year ) . ✓ Net sales for the first nine months of € 978m , + 32.8 % compared with the same period of 2020 and in line with those of 2019 ( € 991m ) , thus recouping the sales lost in the first quarter due to store closures for Covid - 19 . Growth was strong across all brands and in terms of both offline and online channels . The ovs.it website registered 20.3 million visits and sales in the first nine months of the year up 33 % compared with the same period of 2020 , when online sales grew strongly partly due to store closures . ✓ EBITDA stood at € 104.5m , up € 64.4m compared with 2020 and € 3.4m compared with 2019 , despite an unproductive first quarter of the year due to the closure of the store network . The continual reduction in promotional activities , together with cost flexibility , are contributing to a gradual increase in the Group's profitability , with EBITDA on net sales reaching 10.7 % , up from 5.4 % in 2020 and 10.2 % in 2019 . 31 October 2021 net financial position was € 254.8m , thanks to a material cash generation , which in the first nine months of the year amounted to € 65.3m ( + € 112.3m compared with the first nine months of 2020 ) , plus € 81 million from the capital increase . In November , more than one year in advance , the Company repaid the € 250m bullet credit line , using proceeds from the issue of the Sustainability - Linked Bond in the amount of € 160m and using € 90m of the Group's available cash . All this will allow a significant saving in financial expenses in the coming years . ✓ The excellent performance in the third quarter has led to an upward revision of the closing estimates for year - end provided when the half - yearly results were published , to which reference is made on page 6 of this press release . ✓ Thanks to the issue of the Sustainability - Linked Bond , some of the commitments made by the Group in the area of sustainability have been made public . With these targets , OVS is committed to reducing CO2 emissions , setting a reduction target that contributes in a tangible way to keeping the increase of the Earth's temperature below 1.5 ° C . , in line with the Paris Agreement and the recent objectives of the European Union regarding decarbonisation . CONSOLIDATED RESULTS € mln 31.10.2021 ( A ) 31.10.2020 Chg . Chg . % ( A ) Net Sales 978.0 736.7 241.3 32.8 % EBITDA 104.5 40.1 64.4 160.6 % EBITDA % 10.7 % 5.4 % + 524ppt EBIT 60.7 ( 3.1 ) 63.8 n.s. EBIT % 6.2 % ( 0.4 % ) PBT 43.2 ( 19.5 ) 62.7 n.s Net Financial Position 254.8 356.9 102.0 Market Share 9.3 % 8.2 % + 106ppt ( A ) Only the adjusted results ( so - called managerial results ) have been reported , as they are deemed to represent the actual performance of the business : in particular they do not reflect ( i ) the adoption of IFRS16 and ( ii ) mark - to - market accounting at the net financial position level ( + € 7.2m ) . 9M21 Financial Results 1