×
179
Fashion Jobs
H&M
Product Managers to Business Ventures at h&m Group
Permanent · Stockholm
H&M
Media Analyst Within Data And Audience For h&m’s Marketing & Communication Global Head Office
Permanent · Stockholm
H&M
Compliance Specialist to Data Privacy Office
Permanent · Stockholm
H&M
Global Supply Chain Analyst
Permanent · Stockholm
H&M
go to Market Project Manager h&m Sport
Permanent · Stockholm
H&M
Product Owner - Payments
Permanent · Stockholm
H&M
Data Analyst to 'Experience For You' Team - Customer Domain h&m Business Tech
Permanent · Stockholm
H&M
Project Manager to h&m Customer Activation & Marketing
Permanent · Stockholm
H&M
Content Production Manager to h&m Customer Activation & Marketing
Permanent · Stockholm
H&M
Cross Delivery Coordinator Sap Release & Delivery Management
Permanent · Stockholm
H&M
Cross Delivery Coordinator External Products
Permanent · Stockholm
H&M
Software Asset Manager to h&m Group Business Tech
Permanent · Stockholm
H&M
Business Controller International Freight
Permanent · Stockholm
RALPH LAUREN
Operations Manager
Permanent · Kungsbacka
H&M
Business Expert to h&m Group Business Tech
Permanent · Stockholm
H&M
Service Owners to Partner Connectivity
Permanent · Stockholm
H&M
Chemical Compliance Specialist - Group Compliance, h&m Group
Permanent · Stockholm
H&M
Operations Manager
Permanent · Borås
H&M
Chemical Compliance Specialist – Group Compliance, h&m Group
Permanent · Stockholm
H&M
Plm Tech Platform Director – h&m Group Business Tech
Permanent · Stockholm
H&M
Business Controller to h&m Group Business Tech
Permanent · Stockholm
H&M
Monitoring Engineer to Business Tech, h&m Group
Permanent · Stockholm
Translated by
Nicola Mira
Published
Feb 28, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lingerie group Van de Velde sees profitability fall in 2017

Translated by
Nicola Mira
Published
Feb 28, 2018

In early January, Belgian lingerie group Van de Velde reported a 1% rise in revenue over 2016, having reached €209 million. The figure was revised upwards to 1.2% with the publication of the consolidated results (+1.9% at constant exchange rates). However, taking into account the largely negative exchange rate effects, revenue stood at €205.6 million, equivalent to -0.6%.


The first swimwear collection by Marie Jo Swim - Marie Jo Swim

 
EBITDA fell from €61.9 million to €55.7 million, losing 10.1%. In like-for-like terms it actually lost 13.9%, down to €53.5 million.
 
To explain these results, the Belgian group is pointing the finger at its wholesale performance. The channel's contribution to EBITDA fell by €3.5 million in like-for-like terms, due to increased deliveries for the Spring/Summer collection. Van de Velde also reported a weaker gross margin. In parallel, the contribution to EBITDA of retail sales has improved by €0.2 million in like-for-like terms.

Other explanations for the group's performance must be sought in the rising costs it sustained to bolster its international ambitions. Van de Velde has in fact invested heavily in marketing, advertising, e-commerce, recruitment and training. Also, Van de Velde stated its costs for improving delivery performance to multibrand clients have risen.
 
In 2018, the Belgian group hopes to get back to its habitual growth rate. Notably, Van de Velde has high hopes for its new swimwear line Marie Jo Swim, launched last January.

  

Copyright © 2021 FashionNetwork.com All rights reserved.