Home / Knowledge / News / Apparel/Garments / Solid performance of Swiss bodywear brand Calida in H1

Solid performance of Swiss bodywear brand Calida in H1

01
Aug '12
The Calida-Group has continued to develop positively in the first six months of 2012 in a difficult market environment. The Group, which consists of the Calida and AUBADE brands, achieved a currency-adjusted sales growth over the previous year of 3.0 percent to CHF 93.9 million. On a CHF-basis, this represents a decrease of 0.7 percent.

Operating income (EBIT) of CHF 6.9 million was impacted by higher retail costs attributed to the strong expansion of store space in 2011. Operating cash flow increased by 83 percent to CHF 7.5 million.

The equity ratio improved further from 72.5 percent to 75.6 percent. Within the framework of its strategy, the Calida -Group is evaluating growth opportunities through acquisitions.

"The experience we gained in the initial years as we globalized our retail business has confirmed that our brands can successfully compete also outside their own markets,“ says Felix Sulzberger, CEO of the Calida-Group. And further: "Our monobrand-store-concept is profitable and allows to grow in new markets with potential."

Adjusted for currency differences, the Calida-Group has grown during the first half of 2012 over the corresponding period in the previous year by 3.0 percent, to CHF 93.9 million. However, as the Euro has demonstrated a significantly weaker tendency versus the Swiss Franc, the calculation on a CHF-basis showed a slight decrease of minus 0.7 percent.

As in past reporting periods, both brands contributed to this currency-adjusted growth. While CALIDA was able to increase only slightly by 0.4 percent, Aubade’s sales grew by 7.6 percent. The growth driver for both brands was again the retail business, whereas traditional sales through independent retailers and department stores remained under pressure.

Operating income on an EBIT basis for the reporting period was CHF 6.9 Million, which is CHF 2.3 million, or 25 percent, below the result from last year, while the net result of CHF 5.5 million was CHF 3.2 million, or 37 percent, lower.

This decline in operating income is mainly attributed to higher retail costs. In 2011 the Group opened a total of 24 new own boutiques for both brands, resulting in investment costs of CHF 10.2 million. The costs of these stores, in particular depreciation and operating costs, had a strong impact on the result in the reporting period.

Also contributing to the decrease in income were one-time costs of approximately one million Swiss Francs related to acquisition activities. In addition to the expansion of the network with own brand boutiques and the targeted development of growth markets in Asia, the Calida Group’s growth strategy also focuses on opportunities for external growth through the acquisition of new brands and companies that can complement the Calida and Aubade brands.

Key income and balance sheet indicators for the financial health of the CALIDA-Group continued to show positive development. For example, the gross margin rose year-on-year by 58.4 percent to a record level of 60.7 percent. Operating cash flow increased by 83 percent, from CHF 4.1 million to CHF 7.5 million. Net liquidity reached CHF 31.9 million at half-year (previous year: CHF 25.0 million), and the equity ratio improved further from 72.5 percent to 75.6 percent.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search