Van de Velde NV

Earnings Release • Jul 7, 2015

07.07.2015 –Press release Half-yearturnover up 8.2% at Van de Velde

Consolidated turnover (1) at Van de Velde in the first half of 2015 rose by 6.0% (from €107.0m to €113.4m).

On a like-for-like basis (including comparable deliveries) consolidated turnover (1) is up 8.2%. This turnover growth consists of the following components:

• 8.2% growth in wholesale turnover. The growth continues on all dimensions: lingerie, beachwear and stayers. Also pre-orders for the second half of the year are higher than the same period in the previous year.
• A fall in retail turnover at Intimacy by 4.7% (10.3% on a like-for-like basis) in local currency. Due to the strengthening of the American dollar against the euro the retail turnover in Euro is up 16.9%.
• In Europe retail turnover rose on a like-for-like basis (excluding store closures) by 3.8%, thanks to a like-forlike growth in Germany (16.7%) and the Netherlands (9.7%).

The results for the first half of the year 2015 will be announced on Friday 28 August 2015.

(1) Drawn up in accordance with IFRS and not yet audited.

Van de Velde NV is a leading player in the luxury and fashionable women's lingerie sector. Van de Velde is convinced of the merits of a long-term strategy based on developing and expanding brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America.

For more information, contact:

Van de Velde NV 09 365 21 00 www.vandevelde.eu	Stefaan Vandamme CFO	EBVBA 4F, always represented by Ignace Van Doorselaere CEO