Home / Knowledge / News / Apparel/Garments / H1 revenues rise 6% at lingerie retailer Van de Valde
H1 revenues rise 6% at lingerie retailer Van de Valde
01
Sep '15
Revenues for the six months ended June 30, 2015 at Belgium based luxury lingerie marketer Van de Velde NV rose 6 per cent over the same period of previous year.

Turnover at Van de Velde in the first half of 2015 rose 6.0 per cent to €113.4 million as against €107.0 million in the corresponding period of prior year.

“On a like-for-like basis, turnover was up 8.2 per cent, which includes a growth of 8.3 per cent in wholesale sales,” the company said in a press release.

The intimate's marketer informed that growth has continued in all areas like lingerie, beachwear and stayers.

It also said that additionally, pre-orders for the second half of the current year are higher than the same period in the previous year.

Due to the strengthening of the US dollar against the euro, retail turnover in euro was up a steep 17.1 per cent. In Europe, retail turnover rose 4.3 per cent year over year on a like-for-like basis.

The company noted that it reported the highest ever recurring EBITDA for the first half of any other year, which climbed 6.3 per cent to €36.4 million from €34.2 million.

On a comparable basis, consolidated REBITDA in the reporting period rose by 11.0 per cent from €32.3 million to €35.9 million in the year ago period.

Van De Valde attributed the rise to increase in wholesale turnover and an increase in gross margins primarily due to a positive price and currency effect.

It informed that in the first half of 2014, an impairment charge of €16.3 million was recorded in relation to the goodwill and the intangible assets of Intimacy, while no such charges were reported in the period under review.

The group profit for the first half of 2015 grew massively from €5.0 million in the prior year's first half to €22.0 million, up a steep 342 per cent.

Its board of directors approved payment of interim dividend of €1.35 per share and after payment of 25 per cent tax; this represents a net dividend of €1.01 per share.

According to the marketer, this dividend will be allocated to the shares with rights that are not suspended, which are 5,000 treasury shares primarily bought back under an option program. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search