Van De Velde Nv · EURONEXT:VAN
Van De Velde Nv — H1 2018 Earnings Presentation
17 slides from Van De Velde Nv's earnings presentation, Aug 31, 2018
Slide 1: Consolidated income statement and comprehensive income statement
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION CONSOLIDATED INCOME STATEMENT AND COMPREHENSIVE INCOME STATEMENT (in € 000) 30.06.2018 30.06.2017 Turnover 110,887 115,348 Other operating income 2,539 2,815 Cost of materials -23,456 -25,699 Other expenses -40,4
Slide 2: Turnover and EBITDA
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION TURNOVER In the first half of the year of 2018, the consolidated turnover at Van de Velde decline with 3.9% (from €115.3m to €110.9m) compared with the year before. On a comparable basis (including comparable sea
Slide 3: Financial result, equity method, income tax and net profit
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION IMPAIRMENT ON GOODWILL AND BRAND NAMES WITH INDEFINITE LIFE No impairments were recognized in the first half of 2018. FINANCIAL RESULT The financial result is slightly lower than it was the year before. RESULT BA
Slide 4: Consolidated balance sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION CONSOLIDATED BALANCE SHEET (in € 000) 30.06.2018 31.12.2017 Total fixed assets 73,572 69,698 Goodwill 4,546 4,546 Intangible fixed assets 19,883 13,908 Tangible fixed assets 34,159 35,750 Participations (equity m
Slide 5: Fixed assets and current assets
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION FIXED ASSETS The fixed assets increased by 5.6% compared with the end of 2017. The change in fixed assets is primarily due to the following factors: - The intangible fixed assets were 43.0% higher than at the end
Slide 6: Non-controlling interest and liabilities
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION NON-CONTROLLING INTEREST There were no non-controlling interests at the end of June 2018. Van de Velde is 100% owner of Rigby & Peller Ltd, so there are no longer any non-controlling interests on the balance shee
Slide 7: Statement of changes in equity
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION STATEMENT OF CHANGES IN EQUITY Attributable to the shareholders of the parent (in € 000) Share Share Treasury Pensions Retained Share- Other Shareholde Non- Total capital premium shares earnings based comprehensi
Slide 8: Consolidated statement of cash flows
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION CONSOLIDATED STATEMENT OF CASH FLOWS (in € 000) 30.06.2018 30.06.2017 Cash flows from operating activities Cash receipts from customers 116,446 110,762 Cash paid to suppliers and employees -90,176 -81,560 Cash ge
Slide 9: Segment information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION SEGMENT INFORMATION Van de Velde is a single-product business, being the production and sale of luxury lingerie. Van de Velde distinguishes two operating segments: Wholesale and Retail. No segments were combined.
Slide 10: Segment income statement and balance sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION Segment Income Statement (in € 000) 2018 2017 Wholesale Retail Unallocated Total Wholesale Retail Unallocated Total Segment revenues 91,273 19,614 0 110,887 95.758 19.590 0 115.348 Segment costs -49,632 -16,378 -
Slide 11: Capital expenditure and breakdown by region
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION Capital expenditure: (in € 000) 2018 2017 Wholesale Retail Unallocated Total Wholesale Retail Unallocated Total Tangible fixed assets 0 87 1,609 1,696 0 512 1,230 1,742 Intangible fixed assets 0 0 5,975 5,975 0 6
Slide 12: Outlook and risk
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION OUTLOOK Van de Velde expects a modest decrease in turnover on a comparable basis over the year as a whole. This is expected to result in a very strong profit decline in comparison with historic results (based on
Slide 13: Notes to the condensed consolidated financial statements
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS This interim consolidated financial information was prepared in compliance with the applicable international standard for interim consolidated financial in
Slide 14: IFRS impact and declaration of responsible persons
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION The IFRS 15 and IFRS 9 rules have no impact on Van de Velde. For the turnover breakdown per segment, we refer you to the segment reporting. Van de Velde continues to monitor the impact related to the amendments t
Slide 15: Report of the statutory auditor
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION REPORT OF THE STATUTORY AUDITOR TO THE SHAREHOLDERS OF VAN DE VELDE NV ON THE REVIEW OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF 30 JUNE 2018 AND FOR THE 6 MONTH PERIOD THEN ENDED Introductio
Slide 16: Auditor conclusion and contacts
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying Interim Condensed Consolidated Financial Statements are not prepared, in all material aspects, in
Slide 17: About Van de Velde and financial calendar
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2018 REGULATED INFORMATION VAN DE VELDE Van de Velde is one of the global leaders in lingerie, swimwear and sportswear, with its strong brands PrimaDonna, Marie Jo and Andres Sarda. Our mission is to offer every woman the ultimate fitting