Calida Holding's FY sales boosted by Aubade acquisition
17 Mar '06
3 min read
Despite the acquisition costs for Aubade, Calida has a strong balance sheet. A significant contribution was made by the cash flow of CHF23.2 million, which was almost double that of the previous year. Furthermore, equity increased by CHF22.0 million due to the capital increase. Net debt at the end of 2005 amounted to CHF9.6 million.
The equity ratio was 59.3 percent (previous year: 76.9 percent). The operating income (EBIT) rose by 41.4 percent to CHF8.5 million, whilst net profit improved by 48 percent to CHF7.8 million compared with the previous year. Without the non-recurring costs, it even increased by 62.3 percent to CHF11.1 million.
The development of sales reflected a change in the trend. After a decline in previous years (2004: CHF138 million), they improved for the first time in a long time to CHF176.7 million. Without taking Aubade into consideration, the increase amounted to 1.6 percent. Under inclusion of Aubade, the group's sale rose by 28 percent.
In the consistently promoted retail business, Calida currently operates 95 stores and 143 shops-in-shops. Their contribution to sales in 2005 was 26 percent. Aubade is still new to the independent retail business. The first 5 shops-in-shops were fitted in autumn 2005. In spring 2006, two Aubade stores will be opened in Paris.
In the current year, Calida will continue the integration of Aubade and introduce the necessary measures in order to make full use of the potential. On the whole, Calida foresees a positive development, better than that of the main markets.
Calida Holding AG - The group's principal activity is the manufacture and marketing of underwear and nightwear for women, men and children. The group markets it's products through Calida brand name. It has operations in Switzerland, Portugal, Hungary, Germany, The United States of America and France.
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