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Van de Velde H1 2018 turnover lowers

Contributor: Editorial, 9 July 2018

Lingerie and swimwear company Van de Velde reported its turnover for the first half year 2018 had declined modestly by -3.9% to €110.8 million from €115.3 million a year earlier.

The company said the recent launch of Marie Jo Swim and the growth in the new channels had not yet generated enough turnover to compensate the pressure on its traditional retail channels which had a decline in shop visitor numbers.

Comparable turnover with seasonal adjustments and constant exchange rates saw a decrease in wholesale by -1.4% and an increase in retail of 4.3%.

Full results for the first half of 2018 will be released on 31 August 2018.

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Van de Velde NV
€209.0 million
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