Swimwear line boosts Van de Velde's sales in first half

Van de Velde NV

07/07/2014 07:24

BRUSSELS, July 7 (Reuters) - Belgian lingerie maker Van de 
Velde  VELD.BR  on Monday reported a 10.3 percent rise in 
revenues for the first half, supported by the launch of a new 
swimwear collection and strong sales in Germany. 
    The group, which had forecast its wholesale business would 
grow by more than 8 percent in the first half of the year, said 
sales at this business unit grew by 13.8 percent. 
    Its retail business grew by 12.6 percent in continental 
Europe, following strong growth in Germany, and a 9.1 percent 
increase in the United Kingdom. 
    Sales in the United States fell by 22.7 percent and the 
group repeated that it may need to take an impairment on these 
operations. 
    Revenues in the first half rose 10.3 percent to 106.9 
million euros ($145.82 million). 
($1 = 0.7331 Euros) 
 
 (Reporting by Robert-Jan Bartunek; editing by Barbara Lewis) 
 ((robertjan.bartunek@thomsonreuters.com)(+32 2 2876850)(Reuters 
Messaging: robert-jan.bartunek.thomsonreuters.com@reuters.net)) 
 
Keywords: VANDEVELDE RESULTS