- Prachi Singh |
In its interim statement for the fiscal year 2014, Van de Velde said that its consolidated turnover increased by 8.8 percent in 2014 from 182.4 million euros (216.2 million dollars) to 198.5 million euros (235.2 million dollars). On a like-for-like basis consolidated turnover was up 7.2 percent. The company has attributed this turnover growth to 9.7 percent growth in wholesale turnover driven by the successful launch of PrimaDonna Swim and the strong growth in lingerie.
Retail turnover at Intimacy decreased by 16.7 percent or 12 percent on a like-for-like basis in local currency. During the year, Van de Velde acquired the remaining 15 percent of Intimacy shares from the Nethero family in early 2015 and now has a 100 percent shareholding in Intimacy.
In continental Europe retail turnover rose by 20.6 percent, owing to strong like-for-like growth in Germany with 14.8 percent and the Netherlands with 14.1 percent rise. Furthermore, the one-time Donker stores are included over 12 months in 2014 versus 9 months in 2013.
Retail turnover at Rigby & Peller in the United Kingdom rose by 6.9 percent or 1.8 percent on a like-for-like basis in local currency. The strengthening of the UK pound against the euro means the rise in euros is higher. The results for the fiscal year 2014 will be announced on Tuesday February 24, 2015.