Van de Velde reports 8.2 % turnover growth in 2011

The consolidated turnover of Belgian company Van de Velde grew by 8.2 percent in 2011.

The growth figure includes the retail turnovers of Intimacy, which contributed just eight months in 2010, and of new acquisition Rigby & Peller, the turnover of which was only included for the last five months of 2011.

Excluding retail turnover of Intimacy and Rigby & Peller, the organic turnover growth amounted to 2.2 percent. The follow-up orders in December 2011 were also higher than in the same period last year.

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For the full year 2011, Intimacy’s turnover amounted to £38.4m, implying a growth of 8.1 percent versus the same period in 2010.

The turnover indications (excluding retail turnover for Intimacy and Rigby & Peller) for the first half of 2012 reportedly tend towards a very slight growth compared to the same period in 2011.

The results for the fiscal year 2011 will be announced on February 17, 2012.

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