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(SOURCE:Van de Velde, 11-17-2011)
For 2011 Van de Velde targets consolidated turnover growth of around 6,5%. This growth expectation includes the retail turnover of Intimacy (full year 2011) and Rigby & Peller (from August 2011). Given the high volatility of retail turnover and exchange rates, this percentage may fluctuate.
Van de Velde (excluding retail turnover of Intimacy and Rigby & Peller) targets organic turnover growth of around 1,5%. The sell-out in the stores is slower in autumn. Follow-up orders will determine precisely what growth figure is achieved. The turnover indications (excluding retail) for the first half of 2012 tend towards stability compared to the same period in 2011.
The expectation is that the consolidated EBITDA growth will be in the same order of magnitude as the organic turnover growth.
Ambition in distribution programmes remains strong:
Van de Velde NV is a leading player in the luxury and fashionable women’s lingerie sector. Van de Velde is convinced of the merits of a long-term strategy based on developing and expanding brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America. |
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