2023-09-12 07:33:03
Zurich (awp) – The Calida title did not attract crowds on Tuesday morning on the Swiss Stock Exchange, investors being visibly cooled by the new disappointment suffered with the Cosabella brand in the United States and the anticipation of an annual loss. The confirmation of the objectives for 2026 did not seem to convince.
At 9:25 a.m., Calida shares fell 0.5% to 30 Swiss francs, going once morest the trend of its SPI benchmark index (+0.31%).
As a positive point, analysts at Zurich Cantonal Bank (ZKB) noted the confirmation of the operating margin target of 10% in three years. On the other hand, they pointed out the departure of administrator Eric Sibbern, whose succession has not been settled. He represented shareholder Veraison, who owns nearly 10% of Calida.
“With its new focus on strategy, the company is focusing on its core business, which makes sense,” Vontobel experts applauded in a comment, warning however that this followed “a significant destruction of value for the shareholders” last year. “Confidence in the new strategy must first be restored,” they added.
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