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Van de Velde reports 2017

Contributor: Editorial, 27 February 2018

Lingerie and swimwear company Van de Velde reported 2017 revenue came in slightly higher at €209.0 million, versus €206.6 million in 2016 and net profit was stable at €33.9 million compared to €33.6 million in 2016.

Operating profit, EBITDA, on a comparable basis was lower at €53.5 million compared to €62.0 million previously, partly due to the higher deliveries of the spring/summer collection.

Wholesale activities saw a decrease in lingerie sales but growth in swim and sports collections while retail turnover, on like-for-like store basis at constant exchange rates, increased by 4.2% due to growth of 8.3% in Europe in all countries and a limited decline in the US of-2.5%.

A gross dividend of €1.03 has been proposed for 2017.

Related stories:

http://northern-observer.com/van-de-velde-stable-revenue-2017

Name: 
Van de Velde NV
Turnover: 
€209.0 million
Employees: 
Location: 
Entity type: 
VAN.BR