Home / Knowledge / News / Apparel/Garments / Van de Velde turnover stays flat in 2013
Van de Velde turnover stays flat in 2013
24
Feb '14
Van de Velde announced its annual results for 2013. Van de Velde realised consolidated turnover growth of 0.4% (from € 181.8m to € 182.4m). 
 
Highlights: 
-Consolidated turnover and recurring EBITDA are in line with last year thanks to a strong catch-up in the second half. 
-The board of directors will propose to the general meeting of shareholders maintaining the dividend at € 2.15 per share. 
-This confirms the confidence of the company in its growth and cash generation.  
 
The following aspects drove this development: 
 -A stable wholesale turnover versus the same period last year: in the first half, there was a decline of 2.0%, in the second half there was an increase of 2.2%. 
-A fall in the retail turnover of Intimacy of slightly over 12% in local currency. The like-for-like fall slowed down in the second half of the year (4.8%) compared to the first six months (11%). 
-The retail turnover of Rigby & Peller in the UK grew by 0.6% in local currency and decreased by about 4% in euro due a weaker British pound. 
-An increase of 13.5% in the retail turnover at Rigby & Peller (the former Oreia) in Continental Europe, thanks to a like-for-like growth in Germany (6.5%) and a number of new stores (Cologne, Munich, 
Copenhagen). 
-The retail turnover at Donker stores in the period April-December 2013 contributed € 3.5m
 
REBITDA-DEVELOPMENT 
Consolidated REBITDA was € 48.7m, which is in line with the previous year’s figure. Performance improved significantly in the second half of the year. After six months, REBITDA was 9% down on the previous year. 
 
This is primarily due to the following factors: 
 -Turnover growth. 
-A higher gross margin in wholesale on an annual basis compared to the previous year, mainly due to a positive price impact and lower stock depreciations. Both are offset to some degree by a negative currency impact. 
-Strict cost constraints ensured that cost rises were limited without threatening strategic projects. 
 
The retail division’s total EBITDA contribution was lower than in 2012, mainly due to the less strong performance of Intimacy. The EBITDA contribution of all other retail chains (Europe, United Kingdom, Far East) increased.  
 
Click here to view full results.

Van de Velde


Must ReadView All

India mulls new schemes for jobs, textile clusters

Apparel/Garments | On 25th Apr 2018

India mulls new schemes for jobs, textile clusters

India is mulling over alternative schemes for jobs and manufacturing...

Kraig gets approval for Vietnamese subsidiary firm

Textiles | On 25th Apr 2018

Kraig gets approval for Vietnamese subsidiary firm

Kraig Biocraft Laboratories, Inc., the leading developer of spider...

Courtesy: ITMA Asia

Textiles | On 25th Apr 2018

ITMA Asia + CITME 2018 attract global textile companies

The sixth edition of ITMA ASIA + CITME 2018 has received strong...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

John Kelley

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

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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