tiprankstipranks
Advertisement
Advertisement

Van de Velde NV Reports Stable 2024 with Strong D2C Growth

Story Highlights
Van de Velde NV Reports Stable 2024 with Strong D2C Growth

Claim 30% Off TipRanks

Van de Velde NV ( (GB:0IWV) ) just unveiled an announcement.

Van de Velde NV reported a slight decrease in comparable revenue by 3.0% to €205.8 million in 2024, with a net profit of €32.0 million. Despite a decline in B2B sales, the company saw an 11.3% increase in its D2C segment, driven by digital channel growth and targeted marketing. The company plans to propose a dividend of €2.40 per share, reflecting its strong cash position and ongoing investment in brand development and customer service.

More about Van de Velde NV

Van de Velde NV operates in the fashion industry, focusing on lingerie and swimwear. The company is known for its direct-to-consumer (D2C) segment, which includes its own boutiques and digital channels, and its business-to-business (B2B) segment, which involves partnerships with retail partners and department stores.

YTD Price Performance: 3.92%

Average Trading Volume: 291

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €398.4M

For an in-depth examination of 0IWV stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1