Van de Velde NV

Earnings Release • Apr 19, 2018

19.04.2018 – 07h30

Regulated information – Trading update Successful launch of Marie Jo Swim and growth of new channels partly offset the impact of the slow start of sales in traditional channels

Alongside the successful launch of Marie Jo Swim and growth in new channels, Van de Velde continues to develop the retail environment in which it is traditionally active (brick & mortar stores). This has not yet generated the expected results. As a consequence, Van de Velde expects total turnover not to grow in 2018 compared with 2017, but to remain stable or to decrease modestly.

Van de Velde remains fully committed to the 'investments' in the previously identified and activated areas that contribute to building a scalable platform focused on its priorities:

• Positioning its brands, and marketing and developing new channels;
• Developing eCommerce and digitization, including up-to-date IT architecture;
• Increasing the agility and delivery reliability of the supply chain.

At the same time, we continue to develop the skills of our employees and attract additional talent in the aforementioned areas.

This reduction in the projected turnover compared with the press release of 27 February 2018 is expected to put significant pressure on the profit trend compared with 2017.

CONTACTS

For more information, contact:

Van de Velde NV – Lageweg 4 – 9260 Schellebelle – +32(0)9 365 21 00 www.vandevelde.eu

always represented by always represented by Erwin Van Laethem Bart Rabaey Chief Executive Officer Chief Financial Officer

Positron BVBA, Bart Rabaey Consulting VOF,

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