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Van de Velde's turnover up, autumn to be tougher
27
Aug '11
Excluding Intimacy, the expectation is that turnover growth for the whole year will be 2% to 3%. This percentage will be highly dependent (as always) on the follow-up orders in the second half of the year. EBITDA is expected to grow on an annual basis at the same rate as turnover.

For Intimacy, we expect annual turnover of about $40m and EBITDA higher than $1.6m.

From August Rigby & Peller will be included in the consolidated figures (based on the full consolidation method at 87%). The impact of this enlargement in the consolidation will be explained in the annual figures.

Oreia and LinCHérie are developing well. A new Oreia store will open in the centre of Berlin and the partnership with the LinCHérie independent retailers is going very well.

Van de Velde NV is a leading player in the luxury and fashionable women's lingerie sector. Van de Velde is convinced of a long-term strategy based on developing and expanding brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America.


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