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

Textiles | On 29th Sep 2016

CAI keeps 2016-17 cotton output at 336 lakh bales

The Cotton Association of India (CAI) has estimated cotton crop for...

Courtesy: Nandan Denim

Textiles | On 29th Sep 2016

Nandan Denim to raise Rs 100 crore through FPIs

Indian denim fabric producer Nandan Denim Ltd (NDL) plans to raise Rs ...

Apparel/Garments | On 29th Sep 2016

Outlook for Cambodia’s economy remains robust: ADB

Backed by 9.4 per cent growth in exports from the garment and...

Interviews View All

Kamlesh Vaghela
RK Textiles

Dharmendra Shah
Ozone PB Spintex Limited

Jurgen Gauger
Spreadshirt

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search