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(08/01/2007) VAN DE VELDE : Turnover 2006
Van de Velde NV Press Release
08.01.2007
Turnover grows with 9,9% in 2006
Consolidated turnover determined in accordance with IFRS rules rose from 111.9 million euros in 2005 to 123.0 million euros in 2006.
Turnover by market breaks down as follows:
| Country | 2005 | 2006 | Growth | Share | | | (millions of E) | (millions of E) | (%) | (%) | | | | | | | | Euro zone | 90.0 | 97.3 | + 8.1 | 79 | | Elsewhere | 21.9 | 25.7 | + 17.4 | 21 | | Total | 111.9 | 123.0 | + 9.9 | 100 |
Turnover in the second half of 2006 grew by 8.2%, which is higher than the projected 5% growth. The main reason for this was strong performance in Spain, the Netherlands, the United Kingdom and North America, where the sales organisation was either restructured or expanded. Growth in EBITDA will be lower than growth in turnover, as announced in September.
Turnover by brand breaks down as follows:
| Brand | 2005 | 2006 | Growth | Share | | | (millions of E) | (millions of E) | (%) | (%) | | | | | | | | Marie Jo | 63.0 | 68.4 | + 8.6 | 55.7 | | PrimaDonna | 48.7 | 54.5 | + 11.9 | 44.3 | | Other | 0.2 | 0.1 | - | - | | Total | 111.9 | 123.0 | + 9.9 | 100 |
Status quo is pursued as regards turnover in the first half of 2007 compared with the first half of 2006. Growth slowdown is mainly seen on the core markets, where stores adjusted their purchasing behaviour following a flatter retail market in the autumn of 2006. Strong expansion on the growth markets continued however.
The results of the Van de Velde group will be announced on Friday morning 16 February 2007. A press and analysts meeting will follow the announcement of those results.
Van de Velde NV is market leader on the luxury and fashionable women's lingerie sector in the Benelux and a top three player on most other EU markets. In the United States and Southeast Asia Van de Velde NV adopts a policy of controlled presence.
For more information contact:
Van de Velde NV - Lageweg 4 - 9260 Schellebelle - 09 365 21 00
www.vandevelde.eu
Ignace Van Doorselaere
CEO
Ignace.Vandoorselaere@mariejo.com
Luc Markey
CFO
Luc.Markey@mariejo.com
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[CN#114262]
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