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Abonner Calida Holding AG

Calida Holding AG

euro adhoc: Calida Holding AG
Annual Reports
Important settings of course in the first half of 2005 Further improvement in earnings with stable development of sales

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
23.09.2005
In the first six months of 2005, the Calida Group continued its
positive development and set the course for sustainably profitable
growth. Despite market circumstances which have remained difficult,
the Group's sales rose in comparison with the corresponding period of
the previous year by 0.6% to CHF 61.4 million. The operating profit
(EBIT) increased by 28.8% to CHF 1.2 million, whilst the overall net
profit improved by 125% to CHF 1.4 million. With the acquisition of
the Aubade Group, which was not consolidated in the first half of the
year, Calida achieved what might well be described as a quantum leap
to become an internationally leading player in the industry. The free
float of the Calida shares traded on the SWX Swiss Exchange has risen
in the meantime to over 50%, meaning that Calida has now been
transformed from a family business into a broadly based public
company.
Calida again defied the generally negative consumer sentiment in the
reporting period and was able to record a modest increase in turnover
for the first time in the last four years. In comparison with the
first half of 2004, sales rose by 0.6% to CHF 61.4 million. This
reflects a consistent orientation of the range of products to the
needs of customers and markets.
Ongoing improvements in efficiency and optimised supply chain
management contributed to significant progress in profitability. The
operating profit at the EBIT level increased in comparison with the
corresponding period of the previous year by 28.8% to CHF 1.2
million, whilst the overall net profit rose by a full 125% to CHF 1.4
million. The free cash-flow, which is always negative in the first
semester for seasonal reasons, improved in comparison with the first
half of 2004 by CHF 1 million to a level of  CHF -3.7 million.
The acquisition of the French Aubade Group, a market leader in the
segment of luxury lingerie, took place in the reporting period. The
consequence was that Calida became a group of companies with two
major brands and a strong market position both within and outside
German-speaking Europe. As the transaction was only closed on 21 July
2005, Aubade was not included in the consolidation for the first
half-year. Compared with the same period of the previous year, Aubade
achieved somewhat higher sales of 28.6 million Euro with slightly
lower earnings. The integration work is progressing according to
plan.
In May 2005, Calida Holding AG placed a first tranche of 60,000
shares with institutional investors as part of the capital increase
approved by the Annual General Meeting. Due to the positive
development of cash-flow and the good prospects for the full
financial year 2005, the planned issuance of a second tranche was
renounced.
As the main shareholders did not participate in the capital increase,
their proportional shareholding was reduced. The Kellenberger family
is currently still holding 37.2% and Marco Vögele 7.2% of the share
capital of Calida Holding AG. This means that the target of a free
float of more than 50% has been achieved. Calida has therefore been
transformed definitively from a family business into a publicly owned
company.
About Calida Calida Holding AG is the leading Swiss producer of
underwear and is listed on the SWX Swiss Exchange. The Calida brand
has a validated recognition ratio of more than 99% in Switzerland. In
2004, the Calida group achieved gross sales of CHF 138.0 million and
a net profit of CHF 5.3 million. Calida's headquarters are in Sursee
(Canton Lucerne) and the group has a factory in Rajko/Hungary. The
group employs 630 people. At the end of April 2005, Calida was able
to announce the acquisition of Aubade Paris. Aubade, with sales of
about EUR 50 million (2004), is one of the leading lingerie brands in
the luxury segment of the French market. Further information is
available under www.calida.com.
end of announcement                               euro adhoc 23.09.2005 07:00:00

Further inquiry note:

Felix Sulzberger, CEO
Telephone: 0041 (0)41 925 42 48

Branche: Textiles & Clothing
ISIN: CH0009018133
WKN: 9018133
Index: SPI, SPIEX
Börsen: SWX Swiss Exchange / official market

Plus de actualités: Calida Holding AG
Plus de actualités: Calida Holding AG