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A look from Calida.

Added: Jul 2011
A look from Calida.

Added: Jul 2011
A look from Calida.

Added: Jul 2011
A look from Calida.

Added: Jul 2011
A look from Calida.

Added: Jul 2011

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Calida Group Reports 5.9% Growth

(Filed Under Financial and General Interest News). The Switzerland-based Calida Group reported currency-adjusted year-on-year growth of 5.9 percent, or 5.7 million Swiss francs equivalent to $7.2 million for the first six months of 2011.

Calida reported that 64 percent of sales were generated in countries outside Switzerland and were affected somewhat by currency exchange rates, falling from 97.2 million to 94.6 million (approximately $123.4 million to $120 million). The company stated that the majority of material and production costs were incurred in U.S. dollars and euros and the decline in sales in Swiss francs was largely offset.

The Calida Group’s gross margin rose to 58.4 percent compared to 56.8 percent in the first six months of 2010. Operating profit reached 10.3 percent of net sales. Net profit rose dramatically by 85.1 percent, from approximately $6 million to approximately $11 million.

"The positive trend at the Calida Group continued unabated in the first six months of 2011," stated Felix Sulzberger, the company’s chief executive officer. Calida stated its internationalization strategy is moving forward and the company plans on opening Calida and subsidiary brand Aubade stores in London, Copenhagen, Brussels, Monaco, Nuremberg and Amsterdam with more locations being planned.

Calida and Aubade products encompass high-quality lingerie, activewear, loungewear and swimwear available in 70 countries worldwide.

more Financial and General Interest News >>

Published 07-29-2011 by Katherine Rautenberg

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