Calida Group sales fell slightly in 2023

The Calida Group's operational performance was “solid” compared to the previous year due to its strategic realignment, according to a statement on the 2023 annual financial statements. The sale of ErlichTextil, the discontinuation of the multi-brand store Onmyskin as well as impairments and strategic adjustments to the American lingerie brand Cosabella impacted the group from the canton of Lucerne.

Overall, sales adjusted for currency effects declined by 1.7 per cent to 304.4 million Swiss francs. The currency-adjusted sales of the core brands Calida (+1.4 per cent compared to the previous year and +22 per cent compared to 2019), Aubade (-7.1 per cent compared to the previous year and +25 per cent compared to 2019) and Lafuma Mobilier (-26.0 per cent and +18 per cent compared to 2019) are significantly higher than before the COVID pandemic.

Calida contributed 157.7 million Swiss francs to group sales, Aubade 70.9 million francs and Lafuma Mobilier 48.9 million francs. Sales of the American lingerie brand Cosabella fell by 1.8 per cent to 25.1 million US dollars.

The Calida Group's online sales increased by 18.4 per cent in the year under review, adjusted for currency effects, and now stand at 97.2 million Swiss francs. This means that 31.9 per cent (up from 26.7 per cent in the previous year) of sales from continuing operations are now generated via the group's direct online trading.

Adjusted operating profit from continuing operations amounted to 12.2 million Swiss francs compared to 30.0 million in the previous year. The EBIT margin was 4.0 per cent (previous year 9.4 per cent). Adjusted net profit for the financial year amounted to 7.0 per cent (previous year 23.9 per cent).

One-off costs for continuing operations amounting to 51.8 million Swiss francs resulted in a corporate loss of 44.8 million francs. However, only 4.8 million of these expenses were cash-effective. The loss from discontinued operations amounted to 21.7 million Swiss francs. The total corporate loss amounted to 66.5 million francs. ce/mm