Calida Holding's FY sales boosted by Aubade acquisition
17 Mar '06
3 min read
Calida Holding AG, the Swiss underwear manufacturer, has achieved some important strategic objectives in 2005.
With the acquisition of Aubade, the French manufacturer of luxury lingerie, the group successfully implemented its expansion strategy. It has established itself with this step as a leading lingerie provider at an international level.
In addition, Calida now has a free float of 60 percent as a consequence of the capital increase and has therefore become a broadly based company in public ownership. From an operational point of view, there is a further significant increase in earnings power.
The operating profit (EBIT) improved by 41.4 percent to CHF8.5 million. The net profit amounted to CHF7.8 million, representing an increase of 48 percent compared with the previous year.
Felix Sulzberger, the CEO of Calida, said, "We are proud of what we achieved strategically and operationally in 2005."
"Through the acquisition of Aubade, we were able to strengthen our market position for the long term. With the third profit improvement in succession and the turn in the trend of sales, we can see the dynamism that we have won back in what is still a fiercely competitive market," he added.
In 2005, Calida succeeded in setting two important sets of strategic points. With the acquisition of Aubade, which was concluded on 21st July 2005, the group was able to implement its expansion strategy.
The merger of the two partners, each of which is a leader in its home markets, meant that Calida strengthened its strategic position in the fiercely competitive international lingerie market and laid the foundations for further growth.
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