SWITZERLAND: Calida Group forecasts "challenging" year ahead
- FY profit of CHF23.4m
- Sales up 3.9% to CHF211m
- Forecasts "challenging" year ahead
Swiss lingerie manufacturer Calida Group said 2014 will be a "challenging" year for its namesake and Aubade brands, but still expects to achieve a solid group result.
The company today (3 April) said operating profit before one-time costs reached CHF23.4m (US$26.4m) or 11.3% of net sales during the year. After these costs, operating profit amounted to 10.2% of net sales.
Sales rose 3.9% to CHF211m from CHF203.1m last year. Calida's sales were up 2.5% to CHF142.1m, while Aubade saw growth of 6.7% to CHF68.9m.
CEO Felix Sulzberger said: "We reinforced the market position of our two brands Calida and Aubade during fiscal 2013. By acquiring a majority stake in leading French sports clothing group Lafuma, the group also became much bigger. Full consolidation from 2014 onwards will more than double Calida Group's sales."
The deal however, will also result in the loss of 150 jobs this year. The company added that the goal for Lafuma is to breakeven in 2014, when its figures will be fully consolidated into the Calida accounts.
- SOURCING: Production problems weigh on Pakistan
- What next for smart fabrics and garments?
- Smart sportswear faces mass production challenges
- Frank Henke discusses Adidas sustainability agenda
- Lesotho risks garment job losses if AGOA lapses
- “Unsafe” Bangladesh factory refuses to evacuate
- Cambodia labour abuse claims disputed
- Major Ethiopia textile build experiences delays
- Garment factory tool to improve communication
- RFID adoption among retailers near “tipping point”
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Outdoor performance apparel: peaks, valleys, and green fields
- Global market review of swimwear - forecasts to 2019