Van De Velde Nv · EURONEXT:VAN
Van De Velde Nv — H1 2023 Earnings Presentation
20 slides from Van De Velde Nv's earnings presentation, Aug 30, 2023
Slide 1: Financial Report on Consolidated Results First Half 2023
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION Consolidated key numbers 30.06.2023 30.06.2022 Profit and loss statement (in € 000) Turnover 120 615 114 353 Other operating income 3 327 2 657 Cost of materials -24 279 -18 506 Other expenses -39 195
Slide 2: Turnover
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION TURNOVER On a comparable basis (including comparable seasonal deliveries), the consolidated turnover increases by 4.3% in 2023 H1 from m€ 117.4 to m€ 122.5. The reported turnover increases with 5.5% fr
Slide 3: Other Operating Income and Expenses
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION OTHER OPERATING INCOME AND EXPENSES The other operating income and expenses consists out of following elements: (in € 000) 30.06.2023 30.06.2022 Revenue from charged costs 1 905 1 967 Revenue from reco
Slide 4: EBITDA
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION EBITDA On a comparable basis (including comparable seasonal deliveries), consolidated EBITDA in 2023 H1 amounts to m€ 37.6 compared to m€ 37.8 in 2022 H1. The reported EBITDA increases by 1.5% in 2023
Slide 5: Share of Result Equity Pick Up
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION SHARE OF RESULT ‘EQUITY PICK UP’ The estimated result based on non-audited numbers in the first half of 2023 of the participation (25.66%) in Top Form International Ltd. based on the ‘equity’-method is
Slide 6: Consolidated Balance Sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION Consolidated balance sheet (in € 000) 30.06.2023 31.12.2022 Total fixed assets 72 637 72 053 Goodwill 4 572 4 529 Intangible fixed assets 21 010 20 575 Tangible fixed assets 25 598 23 631 Right-of-use
Slide 7: Fixed Assets
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION FIXED ASSETS The fixed assets increase by 0.8% in comparison to the end of 2022. This evolution of fixed assets can be explained by the factors below: - The intangible fixed assets are 2.1% higher comp
Slide 8: Current Assets
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION - Given the negative contribution from Top Form International Ltd. in Van de Velde’s results an exercise was carried out to identify a possible impairment loss on Top Form International Ltd. Based on a
Slide 9: Non-Current and Current Liabilities
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION NON-CURRENT AND CURRENT LIABILITIES Non-current and current liabilities were at m€ 8.6 and m€ 30.6 respectively: - Non-current liabilities increased in comparison to the end of 2022 by m€ 0.6, mainly b
Slide 10: Statement of Change in Equity
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION STATEMENT OF CHANGE IN EQUITY Equity of the company Non-consolidated associates Revaluation Share in Cumulated Cumulated Share Treasury Share Pension Retained reserve of revaluation Total comprehensive
Slide 11: Consolidated Cash Flow Statement
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION Consolidated cash flow statement (in € 000) 30.06.2023 30.06.2022 Operating activities Profit before tax 28 445 29 662 Depreciation and amortization of (in)tangible and right-of-use assets 5 178 5 727
Slide 12: Segment Information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION SEGMENT INFORMATION In 2022, Van de Velde decided to change the segments. The former wholesale and retail segments were replaced by B2B and the D2C. Van de Velde distinguishes two operational segments
Slide 13: Segment Income Statement and Balance Sheet
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION In the following tables, the segment information is shown for the period closed on 30/06/2023 and 30/06/2022, or 31/12/2022 for the balance sheet. Segment income statement 2023 2022 (in € 000) Not Not
Slide 14: Breakdown by Region - Turnover
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION Breakdown by region - turnover 2023 2022 (in € 000) Euro Elsewhere Total Euro Elsewhere Total Turnover 89 112 31 503 120 615 81 470 32 883 114 353 The main markets, determined based on the quantitative
Slide 15: Events After Balance Sheet Date, Prospects and Risks
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION EVENTS AFTER BALANCE SHEET DATE Van de Velde appoints Wim Schelfhout as Chief Financial Officer as of 1 November 2023. Wim holds a degree in Commercial Engineering from KU Leuven and a Masters in Finan
Slide 16: Notes to the Interim Consolidated Financial Information
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 REGULATED INFORMATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed
Slide 17: Declaration of the Responsible Persons
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 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 t
Slide 18: Statutory Auditor's Report
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 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 2023 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 2023 REGULATED INFORMATION FINANCIAL CALENDER 31.12.2023 End of financial year 2023 29.02.2024 Announcement of the 2023 annual results 22.03.2024 Interactive annual report 2023 online 24.04.2024 General Shareholders’ Meeting Pag
Slide 20: Contacts
FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST HALF OF THE YEAR 2023 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 Herman Van de Velde NV, Karel Verlinde CommV, always represented b