Belgium’s Van de Velde stories €96.6 mn turnover in H1 2021


Belgium-based designer and producer of luxurious lingerie Van de Velde has reported a consolidated turnover enhance through the first half of 2021 by 16.5 per cent from €82.9 million to €96.6 million on a comparable foundation. The reported turnover of the corporate elevated by 32.1 per cent to go from €73.9 million in H1 2020 to €97.6 million in H1 2021.

The comparable wholesale turnover of the corporate elevated by 15.8 per cent to succeed in €83.7 million and the retail turnover (personal retailer community and retail websites) grew by 21.3 per cent to €12.9 million. In Europe, retail turnover elevated by 16.4 per cent and within the US by 64 per cent. The stronger ends in america replicate that there have been no lockdowns in 2021 in comparison with extended lockdowns in 2020, the corporate stated in a media launch.

Within the first half of this 12 months, in lots of European international locations, the corporate was confronted with a protracted lockdown and store restrictions as a consequence of COVID-19. Regardless of the affect of this, it witnessed a robust development within the first half of the 12 months. Lingerie gross sales recovered very strongly and nearly reached the extent of the primary half of 2019, nevertheless, swim gross sales has not but recovered as a result of many restrictions and uncertainties associated to journey in spring 2021 and to excessive inventory ranges with retail companions.

The sturdy 360° advertising assist ensures an optichannel shopper expertise throughout the totally different channels. Along with that the improved digital platforms strongly stimulate gross sales. The assorted campaigns have had a optimistic affect throughout all channels, each offline and on-line. Retail companions with areas outdoors procuring centres or procuring streets and with a robust digital focus grew quicker.

The corporate has determined to restrict its owned and operated retail actions within the US to a few shops the place it should proceed to try for wonderful shopper expertise. These three shops contribute to a optimistic end result.

On a comparable foundation (together with comparable seasonal deliveries), consolidated EBITDA for the primary half of 2021 elevated by 30.6 per cent, from €22.3 million through the first half of 2020 to €29.1 million in H1 2021. The EBITDA on a non-comparable foundation elevated through the first half of 2021 by 82.6 % from €16.3 million through the first half of 2020 to €29.8 million.

The EBITDA on a comparable foundation quantities to 30.1 per cent of the turnover in comparison with 26.8 per cent through the first half of 2020. The primary cause for this evolution is the 16.5 per cent enhance in turnover. Moreover, there’s a optimistic value impact as a consequence of a greater combine and there may be an enchancment in manufacturing effectivity.

The monetary end result through the first half of 2021 quantities to -€0.8 million in comparison with €0.2 million through the first half of 2020.

Within the first half of 2021, the group revenue ended at €18.2 million, in comparison with €5 million within the first half of 2020.

Fibre2Fashion Information Desk (KD)

Belgium-based designer and producer of luxurious lingerie Van de Velde has reported a consolidated turnover enhance through the first half of 2021 by 16.5 per cent from €82.9 million to €96.6 million on a comparable foundation. The reported turnover of the corporate elevated by 32.1 per cent to go from €73.9 million in H1 2020 to €97.6 million in H1 2021.

Source link