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VAN DE VELDE: H1 results show further progress

BELGIAN luxury lingerie concern Van de Velde declared first half results that showed its progress is being maintained. In like-for-like terms, consolidated sales rose by 2.7 per cent, to EUR 115.7m, REBITDA rose by 7.1 per cent, to EUR 38.5m, and net earnings rose by 4.5 per cent, to EUR 32.8m before tax. It was also revealed that wholesale orders for H2 2016 were higher than a year earlier. Retail operations in the US continued to give cause for concern, however.

 

Marie Jo by Van de Velde

Marie Jo by Van de Velde

Sustained demand for luxury merchandise in Europe should allow consolidated annual results to continue to remain positive.

 

See also:

VAN DE VELDE: 2015 wholesale sales stregthened

VAN DE VELDE: sales growth maintained in 2014

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