Monday, 9 March 2020

Calida posts jump in sales and profit

Calida Group hailed its progress in 2019, announcing a 1.7% uplift in consolidated net sales to CHF 404.3 million (€381.5m) when adjusted for changes in foreign currency exchange rates. Ecommerce sales were up 20.2% year-on-year to CHF 50.9 million (€48m), accounting for 12.6% of total sales.

Reiner Pichler, the Group CEO, said: “We were quick to recognize the evolving market dynamics and defined corresponding strategic priorities, which apply to all the brands of the group and have been systematically implemented. Combined with the tireless efforts of our employees, I believe this to be one of the main reasons for the encouraging growth in revenue and earnings across all brands.”

EBIT profits increased 9% to CHF 23.6 million (€22.3m), while EBIT margin improved slightly from 5.3% to 5.8%. The gross profit margin also improved by 60 basis points.

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