Home / Knowledge / News / Apparel/Garments / Lingerie producer Van de Velde sees slight fall in turnover
Lingerie producer Van de Velde sees slight fall in turnover
08
Jan '09
Consolidated organic turnover of Van de Velde (excluding Sarda) prepared in accordance with IFRS fell by 0.8%. This fall is connected to weaker backorders in November and December, and to strong currency depreciations in growth markets (including United States, Canada, United Kingdom and Scandinavia).

This fall in turnover is entirely attributable to the last two quarters of the year. While there was growth of 0.9% in the first two quarters, there was a fall in turnover of 2.5% in the last two quarters.

New acquisition Eurocorset will be consolidated in Van de Velde's figures from the middle of 2008. Turnover for the year was approximately €10,9 million, an estimated €3,8 million of which will be included in the final figures. Eurocorset generates the largest part of its turnover during the first two quarters, due to the substantial importance of the swimwear collection. The Eurocorset figures will be confirmed together with the annual figures.

The 2008 results will be announced on Tuesday 17 February. The press release on the results will be followed by a meeting for the press and analysts.

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 expanding and developing brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America.

Van de Velde


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Tom Adeyoola

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

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Hardik Sanghvi

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

Marcel Alberts
Eurofibers

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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