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Van de Velde posts very marginal growth in H1
Jul '12
In the first half of 2012 Van de Velde realises a consolidated turnover growth of 0.9% (from m€ 97.8 to m€ 98.7). 

On a comparable basis (including comparable deliveries and excluding retail turnover of Rigby & Peller UK) the consolidated turnover falls by 2.8%. This turnover development can be explained as follows:

A fall in wholesale turnover by 3.0% mainly due to a decline in backorders for the second quarter of 2012.

A fall in the retail turnover of Intimacy of about 10% in local currency and 1.7% in euro.

In Europe retail turnover of Rigby & Peller (the former Oreia) grows by over 8% thanks to the opening of new stores in Germany and Spain.

The retail turnover of Rigby & Peller in the UK contributes for an amount of m£ 4.5 (m€ 5.5). This represents a growth of about 4.5% on a store-to-store basis. 

The results for the first semester including an outlook for 2012 will be announced on Friday 24 August 2012. 

Van de Velde

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