2023 Annual Results of CALIDA Holding AG: Strong Operational Performance During a Period of Strategic Realignment

CALIDA Holding AG presented its annual financial results for the year 2023, showing a slight decrease in sales to 304.4 million CHF, a decrease of 1.7% when adjusted for currency effects. The company's operational performance remains strong, with a continuous growth in online sales of 18.4% reaching 97.2 million CHF, representing 31.9% of total sales. Despite an overall net loss of 66.5 million CHF due to one-time valuation adjustments, the shareholder-friendly dividend policy is maintained, proposing a dividend of 0.60 CHF per share.

As part of a strategic realignment focusing on operational excellence, CALIDA has reviewed its strategy, deciding on the divestment of ERLICH TEXTIL and the closure of the multi-brand store Onmyskin, and adjusting its strategy for COSABELLA. Despite a decline in sales, the key brands, notably CALIDA, AUBADE, and LAFUMA MOBILIER, have exceeded their pre-pandemic performance, demonstrating the strength and robust position of these brands in the market.

The group also announced changes in management and the board of directors, while highlighting the challenges of the current economic environment as well as the opportunities for its well-positioned brands to increase their market share.