05.07.2012
The consolidated turnover of Van de Velde grows thanks to Rigby & Peller

In the first half of 2012 Van de Velde realises a consolidated turnover ⁽¹⁾ growth of 0.9% (from m€ 97.8 to m€ 98.7).

On a comparable basis (including comparable deliveries and excluding retail turnover of Rigby & Peller UK) the consolidated turnover ⁽¹⁾ falls by 2.8%. This turnover development can be explained as follows:

1. A fall in wholesale turnover by 3.0% mainly due to a decline in backorders for the second quarter of 2012.
2. A fall in the retail turnover of Intimacy of about 10% in local currency and 1.7% in euro.
3. In Europe retail turnover of Rigby & Peller (the former Oreia) grows by over 8% thanks to the opening of new stores in Germany and Spain.

The retail turnover of Rigby & Peller in the UK contributes for an amount of m£ 4.5 (m€ 5.5). This represents a growth of about 4.5% on a store-to-store basis.

The results for the first semester including an outlook for 2012 will be announced on Friday 24 August 2012.

⁽¹⁾ According to IFRS and not audited yet.

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

For more information, contact: