×
2 402
Fashion Jobs
AUTUMNPAPER LIMITED
Alexander Mcqueen Vip & Kol Manager
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 22.5 Hours, 3 Days - Part Time, Permanent
Permanent · Dartford
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Dartford
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELMSFORD
BOOHOO GROUP
Senior Commercial Finance Analyst
Permanent · MANCHESTER
BOOHOOMAN
Senior Marketing Manager
Permanent · MANCHESTER
BOOHOO
Paid Search Manager
Permanent · MANCHESTER
DEBENHAMS
Marketplace Business Development Manager
Permanent · LONDON
DEBENHAMS
Marketplace Account Manager
Permanent · LONDON
DEBENHAMS
Marketplace Business Development Assistant
Permanent · LONDON
REISS
Buying Admin Assistant - Graduate Opportunity
Permanent · LONDON
HOMESENSE
Loss Prevention Officer - Full Time Tkmaxx/Homsesense Basingstoke
Permanent · Basingstoke
VIVIENNE WESTWOOD
Warehouse Operative
Permanent ·
VIVIENNE WESTWOOD
Legal Counsel
Permanent · LONDON
VIVIENNE WESTWOOD
Buying Admin Assistant
Permanent · LONDON
ESTEE LAUDER
Tom Ford - Assistant Business Manager - Selfridges, London - 37.5 Hours - Full Time, Permanent
Permanent · London
ESTEE LAUDER
The Estee Lauder Companies - Learning And Development Assistant Manager
Permanent · London
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
HEAD OFFICE
Head Chef Food Production – Victoria Head Office
Permanent · LONDON
DOROTHY PERKINS
Paid Search Assistant
Permanent · LONDON
Ads
Translated by
Nicola Mira
Published
Feb 28, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lingerie group Van de Velde sees profitability fall in 2017

Translated by
Nicola Mira
Published
Feb 28, 2018

In early January, Belgian lingerie group Van de Velde reported a 1% rise in revenue over 2016, having reached €209 million. The figure was revised upwards to 1.2% with the publication of the consolidated results (+1.9% at constant exchange rates). However, taking into account the largely negative exchange rate effects, revenue stood at €205.6 million, equivalent to -0.6%.


The first swimwear collection by Marie Jo Swim - Marie Jo Swim

 
EBITDA fell from €61.9 million to €55.7 million, losing 10.1%. In like-for-like terms it actually lost 13.9%, down to €53.5 million.
 
To explain these results, the Belgian group is pointing the finger at its wholesale performance. The channel's contribution to EBITDA fell by €3.5 million in like-for-like terms, due to increased deliveries for the Spring/Summer collection. Van de Velde also reported a weaker gross margin. In parallel, the contribution to EBITDA of retail sales has improved by €0.2 million in like-for-like terms.

Other explanations for the group's performance must be sought in the rising costs it sustained to bolster its international ambitions. Van de Velde has in fact invested heavily in marketing, advertising, e-commerce, recruitment and training. Also, Van de Velde stated its costs for improving delivery performance to multibrand clients have risen.
 
In 2018, the Belgian group hopes to get back to its habitual growth rate. Notably, Van de Velde has high hopes for its new swimwear line Marie Jo Swim, launched last January.

  

Copyright © 2022 FashionNetwork.com All rights reserved.