Van de Velde news and archive

Van de Velde posts drop in H1 sales and profit

In the first half of 2019, consolidated turnover at Van de Velde fell by 2.2 percent to 108.5 million euros (119.8 million dollars) compared with the year before. On a comparable basis, the consolidated turnover dropped by 1.2 percent to 112.8 million euros (124.6 million dollars). The company said in a statement that at constant exchange rates,...

Business

Van de Velde full year turnover declines by 1.8 percent

Ahead of its full year results announcement on February 27, Van de Velde said in a statement that its the fiscal year 2018, reported turnover decreased 1.8 percent from 209 million euros to 205.2 million euros, while at constant exchange rates, revenues were down by -0.8 percent. Comparable turnover for the year decreased from 205.6 million...

People

Marleen Vaesen is the new CEO of Van de Velde

Van de Velde has announced that Marleen Vaesen is appointed with immediate effect as CEO of the company replacing Erwin Van Laethem, who will leave the company in mutual agreement. The company said that Vaesen, who has been a board member of Van de Velde since 2012, is well acquainted with the company and can rely on extensive experience....

People

Van de Velde CFO Bart Rabaey to step down

Van de Velde has announced that its Chief Financial Officer Bart Rabaey, has decided to leave the group to embark on a new professional challenge. The company said that both the parties separate in the best relationship and that Rabaey will remain in function until December 31, 2018. Bart Rabaey had joined the Van de Velde management committee...

BusinessFeatured

Van de Velde’s first half turnover declines by 3.9 percent

In the first half of the year of 2018, the consolidated turnover at Van de Velde, the company said, declined by 3.9 percent to 110.9 million euros (128.6 million dollars) compared with the year before. On a comparable basis, the consolidated turnover declined by 2.3 percent to 114.2 million euros (132 million dollars), while at constant exchange...

Business

Half-year turnover of Van de Velde declines 3.9 percent

Van de Velde has announced through a statement that after successful launch of Marie Jo Swim and the growth in the new channels has not yet generated enough turnover to compensate the pressure on the brick & mortar stores, which has resulted in a decrease of the number of shop visitors, particularly in the first quarter. Hover over the graph to...

Business

Van de Velde lowers FY18 revenue and profit outlook

Van de Velde has announced that the successful launch of Marie Jo Swim and growth in new channels, have not yet generated the expected results. As a consequence, the company expects total turnover not to grow in 2018 but to remain stable or to decrease modestly. This reduction in the projected turnover, the company believe, will put significant...

Business

Van de Velde posts 1.2 percent turnover growth in FY17

For the fiscal year 2017 the reported turnover of Van de Velde increased by 1.2 percent or 1.9 percent at constant exchange to 209 million euros (257.5 million dollars). On comparable basis, the company said that turnover increased by of 0.2 percent, while taking the negative exchange rate effect into account, the consolidated turnover decreased...

Business

Van de Velde sees marginal rise in FY17 turnover

In the fiscal year 2017, Van de Velde N. V. has announced that the company’s reported turnover rose from 206.6 million euros (246.8 million dollars) to 208.7 million euros (249 million dollars), representing a rise of 1 percent. The company said reported turnover at constant exchange rates was up by 1.8 percent. Comparable turnover for the...

Business |REPORT

Van de Velde H1 turnover increases 6 percent

Consolidated turnover at Van de Velde in the first half of 2015 rose by 6 percent from 107 million euros (120.4 million dollars) to 113.4 million euros (127.7 million dollars). On a like-for-like basis including comparable deliveries consolidated turnover was up 8.2 percent. This turnover growth was led by 8.3 percent growth in wholesale...