Aubade integration helps Calida's net profit increase
27 Jul '06
2 min read
Lingerie manufacturer CALIDA Holding AG announced its first half-year results for 2006. In the first half of 2006, the SWX Swiss Exchange listed Calida Group continued its successful development within the strategic guidelines.
Sales and earnings rose significantly in the reporting period. Integration of the French lingerie producer Aubade, now consolidated for the first time, is progressing as planned and is already at an advanced stage.
Following the successful acquisition of Aubade, the French producer of luxury lingerie, the first half of 2006 was a time of integration and consolidation for the Calida Group.
Under inclusion of Aubade, sales rose in comparison with the same period of the previous year by 61 percent to CHF 98.8 million.
The operating profit (EBIT) of the Calida Group improved from CHF 1.2 million to CHF 5.7 million. Net profit for the period increased from CHF 1.4 million to CHF 3.6 million. The demand for Calida products is very positive. The cornerstones of this development are the Calida stores and the Calida shops-in-shops.
Their contribution to total sales has now reached 30 percent. In the reporting period, ten new Calida stores were opened in Lausanne, Berlin, Leipzig, Frankfurt, Bonn and Hamburg, among others.
For Aubade, the first half of the year, which is traditionally the one in which stronger sales are recorded, resulted in a decline in turnover, largely due to the cleaning up processas part of the consolidation and integration of the Aubade brand into the Calida Group.
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