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Calida Cites Half-Year Sales Decreases

(Filed Under Financial and General Interest News). Calida Group, the parent company of French lingerie brand Aubade, cited total half-year sales of CHF 95.3 million (approximately USD$89 million), a 10.3 percent decrease from the same period of the previous year. Calida said the decrease is mainly due to the weak development of the Euro against the Swiss Franc.

Despite the decline in sales, the weak market environment and associated demanding challenges, Calida expects the full financial year 2009 can be completed with a positive operating result before non-recurring costs.

For further information, contact Feliz Sulzberger, CEO, at 41-41-925-42-48.

more Financial and General Interest News >>

Published 07-24-2009 by Bruna Fernandes

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