(Filed Under wholesale Lingerie News). Calida Group 2022 net income rose to 21.8 million CHF, Swiss francs, (about $23.9 million at current exchange rates) on sales of 323.9 million CHF (about $354.7 million), compared to net income of 15.2 million CHF on sales of 298.4 million CHF last year.
A portion of the growth last year came with the acquisition of Cosabella. The Group also owns the Aubade, Calida and Erlich Textil underwear brands, as well as Lafuma Mobilier, a producer of furniture.
Within the Group, the Calida brand achieved an “operating contribution” of 47.016 million CHF on sales of 155.497 million CHF (about $170.3 million) compared to an operating contribution of 47.498 million CHF on sales of 152.712 million CHF last year.
Aubade achieved an operating contribution of 22.275 million CHF on sales of 74.238 million CHF (about $81.3 million) compared to an operating contribution of 21.935 million CHF on sales of 72.177 million CHF in 2021. In the annual report the company noted “Aubade achieved double-digit currency-adjusted sales growth in 2022 and continued developing the brand’s international business. The successful financial year ended on a spectacular note with the launch of a collaboration with fashion designer Iris van Herpen.”
Cosabella, which was acquired in May 2022, provided the Group an operating contribution of 3.357 million CHF (about $3.7 million) on sales of 14.173 million CHF (about $15.5 million). Calida explained that the brand achieved “double-digit online sales growth,” in 2022, and that online sales accounted for 62.5% of total sales.” But it added that during the year “wholesale business declined, by contrast, as merchants first reduced high inventories remaining due to the pandemic and so were cautious about buying fresh stock.” At the time of acquisition, Calida reported Cosabella had 2021 sales of “$29 million and an EBITDA of $4.8 million.”
Calida stated that Erlich Textil, a German lingerie brand it acquired last year, “was affected by sharply lower consumer spending among its disconcerted young clientele, due in particular to the war in Ukraine and record inflation in Germany.” — NM
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