Van de Velde NV (GB:0IWV) has released an update.
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Van de Velde NV reports a challenging first half of 2024 with a 5.1% decrease in comparable turnover to €116.2 million and a 15.1% decline in comparable EBITDA to €31.9 million, amidst a tough season for the fashion industry. Despite a downturn in the B2B sector with a 9.4% drop, the company’s D2C segment saw an 11.1% increase in sales, fueled by strong digital performance and marketing efforts. The company also experienced a slight increase in its cash position, rising by 2.2% to €51.3 million.
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