Van de Velde posts very marginal growth in H1

On a comparable basis (including comparable deliveries and excluding retail turnover of Rigby & Peller UK) the consolidated turnover falls by 2.8%. This turnover development can be explained as follows:

A fall in wholesale turnover by 3.0% mainly due to a decline in backorders for the second quarter of 2012.

A fall in the retail turnover of Intimacy of about 10% in local currency and 1.7% in euro.

In Europe retail turnover of Rigby & Peller (the former Oreia) grows by over 8% thanks to the opening of new stores in Germany and Spain.

The retail turnover of Rigby & Peller in the UK contributes for an amount of m£ 4.5 (m€ 5.5). This represents a growth of about 4.5% on a store-to-store basis. 

The results for the first semester including an outlook for 2012 will be announced on Friday 24 August 2012. 

Van de Velde