Van de Velde news and archive

Van de Velde reports revenue recovery in second half of 2025

Belgian lingerie group Van de Velde (VdV) has reported a positive turnaround in the latter half of its 2025 financial year, following a challenging start to the period. The company realized revenue growth of 1.9 percent in the second half of the year. However, full-year figures remained slightly below the previous year's levels. Comparable...

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Van de Velde turnover decreases by 5.1 percent

Van de Velde reported a comparable turnover of 116.2 million euros, a decrease of 5.1 percent for the first six month period. The company said in a statement that the comparable turnover of the D2C segment reached 28.3 million euros, up 11.1 percent, while the comparable turnover of the B2B segment amounted to 87.9 million euros, down 9.4...

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Van de Velde posts marginal turnover decline

On a comparable basis, the consolidated turnover at Van de Velde rose 0.3 percent in 2023 to 212.1 million euros, while the reported turnover decreased 0.2 percent to 211.3 million euros. The company’s EBITDA in 2023 declined by 2.3 percent to 56.6 million euros and the reported EBITDA decreased by 3.7 percent to 56.1 million euros. The...

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Van de Velde turnover increases by 4.3 percent

Van de Velde turnover on a comparable basis increased by 4.3 percent in the first six months of 2023 to 122.5 million euros. The company said in a statement that the reported turnover increased more sharply by 5.5 percent to 120.6 million euros. Commenting on the results, the company’s CEO Karel Verlinde said: “In a volatile economic...

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Van de Velde 2022 turnover increases by 10.6 percent

On a comparable basis, Van de Velde’s consolidated turnover increased by 10.6 percent in 2022 from 191.2 million euros. The reported turnover increased by 8.4 percent to 211.7 million euros. In the B2B segment, the comparable turnover grew by 10.1 percent to 168.2 million euros and in the D2C segment by 12.2 percent to 43.2 million euros. In the...

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Van de Velde appoints current CFO Karel Verlinde as interim CEO

Van de Velde has announced that the company’s management is redrawn, with immediate effect. The company’s board of directors has appointed the current CFO Karel Verlinde as interim CEO. The company said in a statement that by mutual agreement Peter Corijn, who served as chief executive officer (CEO) since May 2022, will leave the company. The...

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Van de Velde H1 turnover increases by 21.5 percent

Van de Velde reported comparable turnover of 117.4 million euros, an increase of 21.5 percent for the first half year. The comparable EBITDA increases by 30 percent to 37.8 million euros and corresponds to 32.2 percent of the comparable turnover. The net group profit of the period amounted to 22.9 million euros, an increase of 26.2 percent....

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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,...

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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...

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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....

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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...

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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...