Full year sales and profit decline at Van de Velde

On a comparable basis, the consolidated turnover in 2020 decreased by 18.5 percent at Van de Velde to 160.5 million euros, while the reported turnover decreased more sharply by 22.1 percent to 152.3 million euros. Comparable wholesale turnover of 2020 was 14.6 percent or 23.6 million euros lower than last year. The company said that in the first half of the year, there was a 23.5 percent decline in turnover as a result of the store closures from mid-March in all markets, while the turnover decline in the second half of the year was 2 percent.