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30th March 2010, Schellebelle

Van de Velde Annual Report 2009

Belgian luxury lingerie designer and brands owner Van de Velde has published its Annual Report for 2009 and is predicting healthy growth for 2010 after recording small turnover and earnings increases.

Consolidated turnover at the Van de Velde Group rose by 5.3% to €140.1 million, which includes its Sarda brand which was recognised for a full year in 2009, unlike in 2008 when it was only included for the second six months. On a comparable basis (for traditional Van de Velde brands, excluding Sarda), turnover rose by 3.4%. Both the core and growth markets grew by around 3.4% although the growth markets did suffer from the low exchange rates, Van de Velde reported.

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