Slide 1: Financial Report on Consolidated Results First Half 2021
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION Consolidated key numbers 30.06.2021 30.06.2020 Profit and loss statement (in € 000) Turnover 97 644 73 907 Other operating income 3 011 2 169 Cost of materials -18 227 -14 350 Other expenses -30 724 -2
Slide 2: Turnover
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION TURNOVER On a comparable basis (including comparable seasonal deliveries), the consolidated turnover increases during the first half of 2021 by 16.5% from m€ 82.9 to m€ 96.6. The reported turnover incr
Slide 3: Other Operating Income and Expenses
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION • The strong 360° marketing support ensures an optichannel consumer experience across the different channels and the improved digital platforms strongly stimulate sales. The various campaigns have had
Slide 4: EBITDA, Impairment and Financial Result
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION EBITDA On a comparable basis (including comparable seasonal deliveries), the consolidated EBITDA for the first half of 2021 increases by 30.6%, from m€ 22.3 during the first half of 2020 to m€ 29.1. Th
Slide 5: Consolidated Balance Sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION 30.06.2021 31.12.2020 Consolidated balance sheet (in € 000) (restated) Total fixed assets 76 966 80 172 Goodwill 4 574 4 546 Intangible fixed assets 21 223 22 409 Tangible fixed assets 23 828 24 821 Ri
Slide 6: Fixed Assets
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION FIXED ASSETS The fixed assets decreased by 4.0% compared to the end of 2020. The change in fixed assets is primarily due to the following: - The intangible fixed assets were 5.3 % lower than at end of
Slide 7: Participation in Top Form International
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION - The carrying amount of the 25.66% stake in Top Form International Ltd. amounts to 13,247 KEUR, while the value of this participation based on the share price on that date amounts to 5,454 KEUR. - Van
Slide 8: Current Assets
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION CURRENT ASSETS Current assets ended 10.4% higher compared to the end of 2020 for the following reasons: - Inventories have decreased by 4.7% compared to the end of 2020. New collections were already de
Slide 9: Statement of Change in Equity
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION STATEMENT OF CHANGE IN EQUITY Equity of the company Non-consolidated associates Cumulated Revaluation Share in Cumulated Share Treasury Share Pension comprehensive Retained reserve of revaluation compr
Slide 10: Consolidated Cash Flow Statement
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION Consolidated cash flow statement (in € 000) 30.06.2021 30.06.2020 Operating activities Profit before tax 21 718 6 808 Depreciation and amortization of (in)tangible and right-of-use assets 6 727 7 832 C
Slide 11: Segment Information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION SEGMENT INFORMATION Van de Velde is a single-product business, with a focus on the production and sale of luxury lingerie. Van de Velde distinguishes two operating segments: wholesale and retail. No se
Slide 12: Segment Income Statement and Balance Sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION The segment information is shown for the period closed on 30/06/2021 and 30/06/2020 in the following tables: Segment income statement 2021 2020 (in € 000) Wholesale Retail Unallocated Total Wholesale R
Slide 13: Capital Expenditure and Breakdown by Region
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION Capital expenditure 2021 2020 (in € 000) Wholesale Retail Unallocated Total Wholesale Retail Unallocated Total Tangible fixed assets 0 290 959 1 249 0 0 100 100 Intangible fixed assets 0 0 1 060 1 060
Slide 14: Events After Balance Sheet Date, Prospects and Risks
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION EVENTS AFTER BALANCE SHEET DATE It was decided after 30/06/2021 to end the retail activity on New York’s 5th Avenue with effect from 15/08/2021. The right of use of asset on 30 June 2021 amounts to m€
Slide 15: Notes to the Interim Consolidated Financial Information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION This interim consolidated financial information was prepared in compliance with the applicable international standard for interim consolidated fi
Slide 16: New Accounting Standards
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION • Amendments to IFRS 9 Financial Instruments, IFRS 7 Financial Instruments: Disclosures, IAS 39 Fiancial Instruments: Recognition and Valuation, IFRS 4 Insurance Contracts and IFRS 16 Leases - Interest
Slide 17: Declaration of the Responsible Persons
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION the normal course of events. DECLARATION OF THE RESPONSIBLE PERSONS The undersigned declare that: - The financial overviews in this report, which have been prepared in compliance with the applicable st
Slide 18: Statutory Auditor's Report
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION STATUTORY AUDITOR’S REPORT TO THE BOARD OF DIRECTORS OF VAN DE VELDE NV ON THE REVIEW OF THE CONSOLIDATED FINANCIAL REPORT AS AT 30 JUNE 2021 AND FOR THE SIX-MONTH PERIOD THEN ENDED Introduction We hav
Slide 19: Financial Calendar
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION FINANCIAL CALENDAR 31.12.2021 End of financial year 2021 24.02.2022 Announcement of the 2021 annual results 25.03.2022 Interactive annual report 2021 online 27.04.2022 General Shareholders’ Meeting Pag
Slide 20: Contacts
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2021 REGULATED INFORMATION CONTACTS For more information, please contact: Van de Velde NV – Lageweg 4 – 9260 Schellebelle – +32 (0) 9 365 21 00 www.vandevelde.eu MAVAC BV, Karel Verlinde CommV, always represented by always repre