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Bregenz, 13 July 2022 - The member of the management board Andrew Thorndike and the supervisory board today mutually agreed to terminate Andrew Thorndike's board mandate effective 31 July 2022. The supervisory board expressively thanks Andrew Thorndike for his commitment to the company. Andrew Thorndike has been Chief Operating Officer (COO) of Wolford AG since
Revenues € 108,945 million EBITDA € 8,535 EBITDA margin 7.8% EBIT € -5,263 EBIT margin -4.8% Earnings after taxes € -12,332 Wolford delivered a resilient and encouraging performance with a significant turnaround in EBITDA, and demonstrated a clear path to sustainable growth despite the challenging market conditions in 2021. The company delivered positive sales
EBITDA € 8,535 EBITDA margin 7.8% EBIT € -5,263 EBIT margin -4.8% Earnings after taxes € -12,332 With sales of € 108.9 million for the reporting period January to December 2021, Wolford AG beat the previous year (January to December 2020) by approximately € 13.2 million (approx. 14%). EBITDA (operating result before depreciation and amortization
Wolford AG: Postponement of the publication of the audited financial statements and of the General Meeting. Positive EBITDA and negative EBIT expected for the financial year 2021.
Wolford AG further postpones the publication of the audited annual financial statements as of December 31, 2021 and the audited consolidated financial statements as of December 31, 2021. The audited annual financial statements and the audited consolidated financial statements are to be published no later than June 17, 2022. The Annual General Meeting for the
Bregenz, August 27, 2021: The first 6 months of the fiscal year 2021, from January to June, developed similarly to the last months of 2020. While trading in the US and China continued solid growth, ongoing and new Corona measures, particularly lockdowns, led to significant business losses in Europe Strong 1st half-year with double-digit sales
Andrew Thorndike (COO) and Silvia Azzali (CCO) extended as members of the Executive Board until Dec. 31, 2024
The Supervisory Board of Wolford AG on 19th of May 2021 decided to extend the engagement of Andrew Thorndike as a member of the Executive Board beyond September 30, 2021, and the engagement of Silvia Azzali as a member of the Executive Board beyond October 31, 2021, in each case until December 31, 2024. The
March 2020, Bregenz – Austrian Skinwear specialist Wolford rearranges production in its headquarters in Bregenz and factory in Slovenia from tights and bodies to face masks for the challenging time ahead. Using its high-quality material, knitting technique and expertise for product finishing the brand has quickly been able to adapt production processes to actual requirements.
The management board of Wolford AG has analyzed the effects of the increasing spread of the coronavirus and expects this global epidemic to have a significant negative impact on the development of sales and earnings of the Wolford Group. In Italy, where the virus has hit particularly hard, Wolford's sales have fallen by about 50%
New Management Board is developing a plan to reposition the company Revenue down 3% – Operating loss of € 9.4 million Medium-term forecast remains unchanged Bregenz, December 13, 2019: Wolford AG, which is listed on the Vienna Stock Exchange, generated revenue of € 60.49 million in the first six months of the current financial year