Slide 1: Consolidated income statement and comprehensive income statement
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION CONSOLIDATED INCOME STATEMENT AND COMPREHENSIVE INCOME STATEMENT Consolidated key figures 30.06.2020 30.06.2019 % Income statement (in € 000) Turnover 73,907 108,481 -31.9% Turnover on a comparable basis 82,911 1
Slide 2: Turnover and EBITDA
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION TURNOVER On a comparable basis (including comparable season deliveries), the consolidated turnover in the first six months of 2020 decreased by 26.5% (from €112.8m to €82.9m). At constant exchange rates, turnover
Slide 3: Impairment, financial result, equity method, income tax and net profit
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION IMPAIRMENT ON GOODWILL AND BRAND NAMES WITH INDEFINITE LIFE Given the current economic uncertainty, the group has conducted additional analyses on goodwill and brand names with indefinite life. The stores have on
Slide 4: Consolidated balance sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION CONSOLIDATED BALANCE SHEET (in € 000) 30.06.2020 31.12.2019 Total fixed assets 85,484 92,992 Goodwill 4,546 4,546 Intangible fixed assets 22,925 23,940 Tangible fixed assets 26,503 29,111 Tangible fixed assets ri
Slide 5: Fixed assets and current assets
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION FIXED ASSETS The fixed assets fell by 8.1% compared with 2019. The change in fixed assets is primarily due to the following factors: - The intangible fixed assets were 4.2% lower than in 2019. The change in intan
Slide 6: Non-current and current liabilities
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION NON-CURRENT AND CURRENT LIABILITIES Non-current and current liabilities were €19.0m and €27.5m respectively: - Non-current liabilities decreased by €2.4m, primarily due to lower lease liabilities. - Current liabi
Slide 7: Statement of changes in equity
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION STATEMENT OF CHANGES IN EQUITY Attributable to the shareholders of the parent (in € 000) Share Share Treasury Pensions Retained Share- Other Other Equity Non- Total capital premium shares earnings based comprehen
Slide 8: Consolidated statement of cash flows
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION CONSOLIDATED STATEMENT OF CASH FLOWS (in € 000) 30.06.2020 30.06.2019 Operating activities Profit before taxes 6,808 18,185 Depreciation and amortisation of tangible and intangible fixed assets 7,831 7,285 Deprec
Slide 9: Segment information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 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 2020 REGULATED INFORMATION The segment information is shown for the period closed on 30/06/2020 and 30/06/2019 in the following tables: Segment income statement (in € 000) 2020 2019 Wholesale Retail Unallocated Total Wholesale Retail Unall
Slide 11: Capital expenditure and breakdown by region
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION Capital expenditure (in € 000) 2020 2019 Wholesale Retail Unallocated Total Wholesale Retail Unallocated Total Tangible fixed assets 0 0 100 100 0 139 532 671 Intangible fixed assets 0 0 1,098 1,098 0 0 2,279 2,2
Slide 12: Events after balance sheet date, prospects and risk
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION EVENTS AFTER THE BALANCE SHEET DATE There were no events after the balance sheet date that could have a significant impact on the interim consolidated financial statements of the group at 30 June 2020. PROSPECTS
Slide 13: COVID-19 update and financial health measures
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION Measures targeting the financial health of our company: The activities of Van de Velde were heavily disrupted by the COVID-19 pandemic in the first half of the year. Van de Velde remained focused on business cont
Slide 14: Notes to the interim consolidated financial information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 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 financial inf
Slide 15: Declaration of the responsible persons
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION DECLARATION OF THE RESPONSIBLE PERSONS The undersigned declare that: - The financial overviews in this report, which have been prepared in compliance with the applicable standards, faithfully reflect the equity,
Slide 16: Report of the statutory auditor
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION REPORT OF THE STATUTORY AUDITOR TO THE SHAREHOLDERS OF VAN DE VELDE NV ON THE REVIEW OF THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF 30 JUNE 2020 AND FOR THE 6 MONTH PERIOD THEN ENDED Introduction We have
Slide 17: Auditor's conclusion and emphasis matter
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying Interim Consolidated Financial Statements do not give a true and fair view of the financial positi
Slide 18: Financial calendar
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 REGULATED INFORMATION FINANCIAL CALENDAR 02.09.2020 Ex-coupon date 03.09.2020 Record date 04.09.2020 Dividend payment date 31.12.2020 End of financial year 2020 25.02.2021 Announcement of the 2020 annual results 26.03.2021 Interactive
Slide 19: Contacts
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR FIRST HALF YEAR 2020 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 represented by M