Brief: Van De Velde says expect recurring EBITDA to rise in second half

Van de Velde NV

15/11/2013 07:08

AMSTERDAM, Nov 15 (Reuters) - Van de Velde NV  VELD.BR : * Expects to maintain consolidated turnover at a more or less stable level in 2013 compared with 2012 * Precise forecast is not possible due to the highly volatile nature of the retail turnover * Expect recurring EBITDA to rise slightly in the second half of the year compared with the same period in 2012 * Reached agreement on restructuring at Eurocorset; will see departure of 29 employees in short term * Non-recurring cost of the restructuring is EUR 1.7M, with a payback period of around three years * Spring 2014 Van de Velde remains optimistic with regard to wholesale * Convinced of long-term strategy especially in Europe, North America ((Amsterdam Newsroom; amsterdam.newsroom@reuters.com; +31 20 504 5000)) (( For more, double click on  VELD.BR  ))