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Outlook for 2010 remains unchanged - Van de Velde NV

07 Jan '10

2 min read

Van de Velde (including Sarda) realizes in 2009 an increase in the consolidated turnover of 5.3%. This implies that the consolidated turnover for 2009 reached m€ 140,1 versus m€ 133,0 in 2008. In 2009 Sarda was included for a full year, while in 2008 Sarda was only accounted for in the second half. On a comparable basis, turnover of Van de Velde (excluding Sarda) increases by 3.4%.

These figures do not impact the previously communicated outlook for 2010 which remains unchanged:

• For Van de Velde (excluding Sarda) indications regarding turnover for the first half of 2010 are positive compared to the same period in 2009.
• The circumstances for Sarda remain difficult. The Spanish subsidiary is suffering more from the crisis than the Belgian parent company.
• First indications for the second half of 2010 will only be available towards the end of February.

The results for the fiscal year 2009 will be published on Friday 26 February 2010. After the press release on the results, there will be a press and analyst meeting.

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 SA

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