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.
“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%.