The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrea Bonfa - Banca Akros S.p.A., Research Division - Analyst
: Very quickly, I would like to know, Stefano, if I may, what's your expectation in terms of peak on net debt this year? And if that is going to be likely
at the end of July? And if that will be within the extra, let's say, financings that you were able to negotiate with CDP. This is more or less the first
question. And the second one, I'm pleased to know how you can -- you organize, let's say, your purchasing? What's your view of the next
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MAY 27, 2020 / 1:00PM, OVS.MI - Q4 2019 OVS SpA Earnings Call
spring/summer season in the sense that you got the destock of unsold spring items. I'm wondering, are you able, without any problem, to resell
them next year, which I presume, will allow you to quickly deleverage into the early part of next year? So if you can, for the time being, elaborate
on these 2 points.
Question: Andrea Bonfa - Banca Akros S.p.A., Research Division - Analyst
: Okay. If I may, I mean, how much of this, let's say, of this approach is linked to competition behavior? I mean I presume, but first of all, this is a unique
situation, which I never -- you never experienced, nobody has ever seen. How much will you, this decision, to resell this year collection into next
year from competition? I mean for what you see and what you know, Zara, H&M, all the other will do the same? Or what's your thinking behind
this?
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