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The consolidated turnover of Van de Velde grows thanks to Rigby


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(SOURCE:Van de Velde, 07-08-2012  http://www.vandevelde.eu/ShowArticle.aspx?l=EN&r=1526&s=1576&a=3211&nt=1)

05.07.2012 
The consolidated turnover of Van de Velde grows thanks to Rigby & Peller  

In the first half of 2012 Van de Velde realises a consolidated turnover (1) growth of 0.9% (from m€ 97.8 to m€ 98.7).  

On a comparable basis (including comparable deliveries and excluding retail turnover of Rigby & Peller UK) the consolidated turnover (1) falls by 2.8%. This turnover development can be explained as follows:

  1. A fall in wholesale turnover by 3.0% mainly due to a decline in backorders for the second quarter of 2012.
  2. A fall in the retail turnover of Intimacy of about 10% in local currency and 1.7% in euro. 
  3. 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.  

(1) According to IFRS and not audited yet.


 image002 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.

For more information, contact:

Van de Velde NV
Lageweg 4
9260 Schellebelle
09 365 21 00
www.vandevelde.eu
Stefaan Vandamme
CFO


Ignace Van Doorselaere
CEO


  

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