Home / Knowledge / News / Apparel/Garments / Fashion retailer Van de Velde posts highest ever EBITDA
Fashion retailer Van de Velde posts highest ever EBITDA
02
Sep '14
Van de Velde NV, a retailer of luxury and fashionable women’s lingerie reported its highest-ever recurring EBIDTA in the first six months to June 30, 2014.

Recurring EBITDA for the first half of 2014 at € 34.2 million was up 20.5% from the first half of 2013 and also exceeds the record EBITDA it posted in 2011.

Van de said this was possible due to a rise in wholesale turnover, rise in gross margin of 0.5% and zero increase in fixed costs, except for sales related costs.

Consolidated turnover in the first half of 2014 rose by 10.3% to €107 million from €97 million in the comparable period of 2013, driven mainly by by 13.8% growth in wholesale turnover and higher follow-up orders.

At the end of the first half-year of 2014, cash position at Van de stood at €28.2 million, up from €26.3 million in the first half of last year.

Solvency or share of equity in total equity and liabilities remained very high at 86.7%; Van de Velde informed and added that current assets represent 5.5 times the value of current liabilities.

In its outlook for the rest of the year, Van De Velde said its wholesale pre-orders for autumn/winter 2014 are higher than the previous year and expects a strong rise in this segment.

Van de Velde forecast a strong rise in REBITDA for the whole of 2014, however said, this rise will be lower than the interim rise.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harsh Shah

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

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


May 2018

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

news category


Related Categories:

Advanced Search