Home / Knowledge / News / Fashion / Van de Velde turnover up 1.2% in 2017 first half
Van de Velde turnover up 1.2% in 2017 first half
31
Aug '17
Belgium-based Van de Velde has recorded 1.3 per cent increase in turnover from €113.9 million to €115.3 million in fiscal 2017 first half. On a comparable basis (including comparable seasonal deliveries), the consolidated turnover was up 1.2 per cent, from €115.6 million in the first half of fiscal 2016 to €116.9 million in the first half of fiscal 2017.

The wholesale turnover increased by 1.6 per cent while there was a 3.0 per cent rise in the retail turnover. The fashion retailer's PrimaDonna swimwear and the newly introduced PrimaDonna sportswear collections were particularly successful.

Reported REBITDA for the first half year declined by 5.6 per cent, from €37.3 million to €35.2 million. On a comparable basis (including comparable deliveries), consolidated REBITDA declined by 5.7 per cent, from €38.5 million to €36.3 million.

In the first half of 2017, the net profit part of the group declined by 5.4 per cent from €21.2 million to €20.0 million. This resulted in a decline of the profit per share from €1.59 to €1.50. Income taxes were lower compared to last year both as a result of the lower profit before tax as well as of the lower effective tax rate of 34.2 per cent (35.5 per cent last year). 

Net cash flow in the first half of 2017 was negative with € 13.5 million. At half-year the cash position was €6.7 million compared to the €18.5 million on 31 December 2016.

The company's working capital (current assets excluding cash and cash equivalents less current liabilities excluding financial debt) declined to €36.2 million as on 30 June 2017 (compared to €36.9 million as on 30 June 2016) mainly due to higher tax payables. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

From left: Tania Polonnowita Wettimuny, MD, Hellmann Sri Lanka; Bart de Vries, Global COO Air & Sea Hellmann; Deshamanya Mahesh Amalean, Chairman, MAS Holdings; & Shirendra Lawrence, COO, MAS Holdings

Textiles | On 20th Feb 2018

Hellmann and MAS form joint venture HMSC

Hellmann Worldwide Logistics and MAS Holdings have formed Hellmann...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

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

Marcel Alberts
Eurofibers

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

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

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

February 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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search