218
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
Published
Sep 4, 2011
Download
Download the article
Print
Text size

Van de Velde reports revenue growth; slight decrease in net income

Published
Sep 4, 2011

In the first semester of 2011, ended on June 30, Van de Velde saw a revenue growth of 7% on a comparable basis, and of 17% including the turnover of its American chain Intimacy which it acquired in the first half of 2010. This increase in sales was fairly generalised in all countries, with the exception of Greece and Northern Europe. While the lingerie group’s EBITDA for the first half of 2011 rose by 14% (34 million euros), its net profit decreased by 3% from 25.3 million euros in 2010 to 24.6 million in 2011. According to Van de Velde, its net profit rose by 11% on a comparable basis if Intimacy’s damaging results are excluded.

Van de Velde
Andres Sarda by Rossy de Palma, A/W 2011-12 collection

The American retail chain experienced a tough first half of 2011. Although its retail turnover rose by 20% to 20.6 million dollars, the growth was mainly thanks to the opening of new stores. Van de Velde attributed the weak results to tough economic conditions in the United States which worsened during Spring.

On the other hand, its Oreia chain grew by 12.5% in Germany on a store-to-store basis. The market share of its brands Marie Jo and PrimaDonna continues to grow, although the group failed to mention its Andres Sarda brand, which had been experiencing some difficulties lately.

Van de Velde anticipates that the second half of 2011 will be even tougher, expecting the gloomy economic climate in America to also hit Europe. Therefore, the group is only counting on a turnover growth for the whole year of 2% to 3%.

Copyright © 2024 FashionNetwork.com All rights reserved.