Calida Group reports H1 loss, sales down 14.6 percent

The Calida Group said that it looks back on a challenging first six months of 2020 since business was seriously impacted from March onwards by the coronavirus-related closures of all bricks-and-mortar shops and points of sale at important retail partners in Switzerland, Germany and France. While online business grew by 59.2 percent and the 22.5 percent share of sales, on the whole, adjusted for exchange rate effects sales declined in the first six months by 14.6 percent to 146.2 million Swiss francs (159.3 million dollars), while EBIT amounted to an adjusted operating loss of 4.4. million Swiss francs compared to operating profit of 6.5 million Swiss francs and an adjusted EBITDA of negative 0.6 million Swiss francs against 10.7 million Swiss francs in the first half of 2019, due to the decline in revenue caused by the pandemic.