Belgium : Lingerie specialist net turnover rises 6% in 2007

January 15, 2008

The consolidated turnover established in accordance with IFRS rose from EUR 123.0 million in 2006 to EUR 130.3 million in 2007.

Turnover growth was a little higher in the second half of the year (+6.6%) than in the first six months (+5.5%). This is due to a slight increase in secondary orders. Turnover growth was mainly achieved outside the eurozone (+22.3% in H2).

Full 2007 results and projections for 2008 will be announced on the morning of Friday 15 February 2008. A press and analysts meeting will follow the announcement of those results.

Van de Velde NV is one of the leading players in the luxury and fashionable women’s lingerie sector. Van de Velde is convinced of a long-term strategy based on expanding and developing brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America.

Originally a Belgian company, Van de Velde continues to conduct all its core activities in Belgium, including design and product development, prototypes and fitting models, close contacts with suppliers, purchasing policy, fabric checks and cutting, final check, administration, distribution. Management of sales and marketing is also centralised in Belgium.

Van de Velde NV

Source @ Fibre2fashion.com