Brief: Calida Group Says Expects Slightly Lower Sales & Announces Divestment Of Erlich Textil

Calida Holding AG

15/06/2023 06:08

June 15 (Reuters) - Calida Holding Ag  CALN.S :
    * CALIDA GROUP EXPECTS SLIGHTLY LOWER SALES – DIVESTMENT OF
ERLICH
TEXTIL – FELIX SULZBERGER TO BECOME EXECUTIVE CHAIRMAN OF THE
BOARD
    * SAYS CURRENT CEO OF CALIDA GROUP, TIMO SCHMIDT-EISENHART,
WILL
LEAVE COMPANY AT END OF JUNE 2023
    * SAYS FROM 1 JULY 2023, FELIX SULZBERGER WILL ACT AS
EXECUTIVE
CHAIRMAN OF BOARD OF DIRECTORS ON AN INTERIM BASIS
    * CALIDA HOLDING  - EXPECTED CURRENCY-ADJUSTED SALES AND
EBIT FROM
CONTINUING OPERATIONS AT END OF 2023 EXPECTED TO BE BELOW HIGH
PREVIOUS YEAR'S LEVEL
    * ERLICH TEXTIL IS REPORTED AS A DISCONTINUED OPERATION
    * CALIDA HOLDING - DEVELOPMENT OF SALES DETERIORATED TO AN
EXTENT
THAT MAKES CONTINUATION OF ERLICH TEXTIL NO LONGER STRATEGICALLY
SENSIBLE FOR CALIDA
    * IMPAIRMENTS (GOODWILL AND BRAND AMONG OTHERS) TOTALING CHF
23-25
MILLION WILL BE MADE ON 30 JUNE 2023

Source text for Eikon:  ID:nEQ4fRC8Na 
Further company coverage:  CALN.S 

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