Translated by
Nicola Mira
Feb 3, 2022
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Calzedonia’s revenue back to pre-Covid levels in 2021

Translated by
Nicola Mira
Feb 3, 2022

In fiscal 2021, Italian hosiery and lingerie group Calzedonia recorded a revenue of €2.5 billion, equivalent to a 29.1% increase at current exchange rates (and a 30.5% one at constant rates) over the €1.9 billion generated in the previous year. The revenue growth over 2019 was equivalent to 3.9%. Exports accounted for a 56% share of the group’s total sales.

Sandro Veronesi, president of the Calzedonia group - président du groupe Calzedonia

“Investments amounted to over €160 million, both in the commercial side of the business - boosting and upgrading our retail organisation and increasingly integrating it with the e-tail channel - and on the logistics and manufacturing side, where we invested in avant-garde technology to ensure that the group’s factories always have an innovative edge,” said Sandro Veronesi, president of the Calzedonia group.

“EBITDA exceeded €760 million, compared to €531 million in 2020. We now have a presence in 55 countries, and the group intends to continue to pursue a policy of consolidation on the main European markets, while [store] openings will also be going ahead on the American market,” added Veronesi.

Calzedonia is regularly opening new addresses, both in Italy and outside the country. In 2021, the group recorded a net increase of 176 new stores, of which 139 outside Italy. As of December 31 2021, Calzedonia operated 5,076 stores, of which 3,288 outside Italy and 1,788 on the domestic market.
In 2021, the group also opened six new Signorvino winery shops. Alongside bridal wear brand Atelier Emé, Signorvino was the most heavily hit by the pandemic among the group's brands. Knitwear and cashmere specialist Falconeri, also owned by Calzedonia, recorded instead excellent sales results and is aiming to strengthen its presence both in Italy and abroad.

In 2022, the group will continue to expand the Intimissimi Uomo men's underwear brand, and continue to renovate and upgrade the existing Caledonia, Intimissimi and Tezenis stores.

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