Brief: Van de Velde expects lower EBITDA for 2017

Van de Velde NV

20/04/2017 07:18

April 20 (Reuters) - Van de Velde  VELD.BR : 
    * Said on Wednesday it expects a lower EBITDA for 2017 
through a combination of stable turnover and accelerated 
investments 
    * As a consequence of the challenging retail environment in 
the markets and channels where Van de Velde istraditionally 
active and the negative effect of the evolution of the British 
pound, Van de Velde expects thattotal turnover in 2017 will not 
grow compared to 2016 
    * Therefore Van de Velde accelerates its investments in 
areas which will contribute to the further international growth 
potential 
    * These investments in the future will result in higher 
expenses in 2017 and 2018  
 
     
 Source text: http://bit.ly/2pEYCVL 
     
 Further company coverage:  VELD.BR   
    
 
 
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