Lingerie maker Van de Velde has boosted profits 39.3% during the first half of the year, and predicted further turnover growth for the rest of the year.
A statement by the company said: “Organic growth in the first half of 2010 was 8.2% (excluding Intimacy). Given the low economic growth in Europe and the USA, Van de Velde is very satisfied with that development and thanks its customers and consumers for their trust.
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“Every country worldwide posted growth. Growth in the USA and Canada was most impressive, but the European core markets also posted strong growth figures.”
Turnover growth was mainly driven by a strong rise in volume. Exchange rates had a positive impact of a little over 1%.
The company said that turnover will continue to grow in the second half of 2010, albeit at a slightly slower pace than in the first half of the year. Management expects that year-on-year turnover growth (excluding Intimacy) to exceed 5%.
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