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Calida Group sales rise in face of tough market situation in H1
26 Sep '05
4 min read
Europe's leading manufacturers of high-quality lingerie, underwear and nightwear for women, men and children, Calida Group continued its positive development and set the course for sustainably profitable growth in the first six months of 2005. Despite market circumstances which have remained difficult, the Group's sales rose in comparison with the corresponding period of the previous year by 0.6 percent to CHF 61.4 million.
The operating profit (EBIT) increased by 28.8 percent to CHF 1.2 million, whilst the overall net profit improved by 125 percent to CHF 1.4 million. With the acquisition of the Aubade Group, which was not consolidated in the first half of the year, Calida achieved what might well be described as a quantum leap to become an internationally leading player in the industry.
The free float of the Calida shares traded on the SWX Swiss Exchange has risen in the meantime to over 50 percent, meaning that Calida has now been transformed from a family business into a broadly based public company.
Calida again defied the generally negative consumer sentiment in the reporting period and was able to record a modest increase in turnover for the first time in the last four years. In comparison with the first half of 2004, sales rose by 0.6 percent to CHF 61.4 million. This reflects a consistent orientation of the range of products to the needs of customers and markets.
Ongoing improvements in efficiency and optimized supply chain management contributed to significant progress in profitability. The operating profit at the EBIT level increased in comparison with the corresponding period of the previous year by 28.8 percent to CHF 1.2 million, whilst the overall net profit rose by a full 125 percent to CHF 1.4 million. The free cash-flow, which is always negative in the first semester for seasonal reasons, improved in comparison with the first half of 2004 by CHF 1 million to a level of CHF -3.7 million.
The operating profit (EBIT) increased by 28.8 percent to CHF 1.2 million, whilst the overall net profit improved by 125 percent to CHF 1.4 million. With the acquisition of the Aubade Group, which was not consolidated in the first half of the year, Calida achieved what might well be described as a quantum leap to become an internationally leading player in the industry.
The free float of the Calida shares traded on the SWX Swiss Exchange has risen in the meantime to over 50 percent, meaning that Calida has now been transformed from a family business into a broadly based public company.
Calida again defied the generally negative consumer sentiment in the reporting period and was able to record a modest increase in turnover for the first time in the last four years. In comparison with the first half of 2004, sales rose by 0.6 percent to CHF 61.4 million. This reflects a consistent orientation of the range of products to the needs of customers and markets.
Ongoing improvements in efficiency and optimized supply chain management contributed to significant progress in profitability. The operating profit at the EBIT level increased in comparison with the corresponding period of the previous year by 28.8 percent to CHF 1.2 million, whilst the overall net profit rose by a full 125 percent to CHF 1.4 million. The free cash-flow, which is always negative in the first semester for seasonal reasons, improved in comparison with the first half of 2004 by CHF 1 million to a level of CHF -3.7 million.
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