Van de Velde NV

Earnings Release • Jan 7, 2016

07.01.2016 –Press release Annual turnover up 5.7% at Van de Velde

Consolidated turnover (1) at Van de Velde rose by 5.4% in 2015 (from €198.4m to €209.0m).

On a like-for-like basis (including comparable deliveries) consolidated turnover (1) is up 5.7%. This turnover growth consists of the following components:

• 5.7% growth in wholesale turnover. Growth has continued in all areas: lingerie, beachwear and stayers.
• A fall in retail turnover at Rigby & Peller USA (former Intimacy) by 9.7% (9.8% 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 was up 8.1%.
• In Europe retail turnover rose on a like-for-like basis by 5.8%, thanks to a like-for-like growth in Germany (7.1%) and the Netherlands (5.7%).

The results for the fiscal year 2015 will be announced on Wednesday 24 February 2016.

(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:

CFO 09 365 21 00 Ignace Van Doorselaere www.vandevelde.eu CEO
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