Van de Velde’s H1 FY24 turnover decreased by 5.1 per cent to €116.2 million (~$128.7 million).
The D2C segment grew 11.1 per cent to €28.3 million, while B2B turnover fell 9.4 per cent to €87.9 million.
EBITDA declined 15.1 per cent to €31.9 million, reflecting higher marketing and wage costs.
Net group profit dropped 10.6 per cent to €19.7 million.