Van de Velde reports profit decline in 2016
Industry Talk
Van de Velde reports growth in annual turnover
On a like-for-like basis, including comparable deliveries, consolidated turnover is up by 7.2%, the company reports.
8th January 2015
Knitting Industry
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Schellebelle
On a like-for-like basis, including comparable deliveries, consolidated turnover is up by 7.2%, the company reports. This turnover growth consists of the two main components.
The first one is growth in wholesale turnover by 9.7%, driven by the very successful launch of PrimaDonna Swim and the strong growth in lingerie, whilst the second shows a fall in retail turnover at Intimacy by 16.7% (12.0% on a like-for-like basis) in local currency.
Key figures
The turnaround at Intimacy remained elusive in the second half of 2014. Van de Velde acquired the remaining 15% of Intimacy shares from the Nethero family in early 2015 and now has a 100% shareholding in Intimacy.
In continental Europe retail turnover rose by 20.6%, especially due to strong like-for-like growth in Germany (14.8%) and the Netherlands (14.1%). Retail turnover at Rigby & Peller in the United Kingdom rose by 6.9% in local currency.
The results for the fiscal year 2014 will be announced on Tuesday 24 February 2015.
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