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Wolford AG reduces loss slightly and creates basis for future growth

• Slight reduction in loss despite lower revenues and higher investments • New market image and market offensive in China Bregenz, July 23, 2019. Wolford AG, which is listed on the Vienna Stock Exchange, today published its annual financial statements for the 2018/19 financial year (May 2018 to April 2019). Its revenues amounted to €

2020-02-19T13:58:06+01:00July 23rd, 2019|

Financing secured for a further two years

Wolford AG, ISIN AT0000834007, has reached an agreement with its Austrian banking partners to extend its lines of credit until June 30, 2021. Accordingly, the financing of ongoing business operations has been secured over the next two years. The agreement still requires contractual implementation and the formal board approval by the banks. For organizational reasons,

2020-02-19T14:21:29+01:00June 7th, 2019|

Wolford AG: Cost Savings Partially Compensate for Revenue Decline

Revenue down 9%  New restructuring program launched with more than € 10 million saving potential identified Market drive initiated for China Plan to return to profitability no later than in the 2020/21 financial year Bregenz, March 15, 2019: Wolford AG, which is listed on the Vienna Stock Exchange, generated revenue of € 108.2 million in

2020-02-19T14:22:46+01:00March 15th, 2019|

Wolford AG started further restructuring measures

In view of the continuing negative revenue developments in the financial year 2018/19 (May 2018 to February 2019: -9 %), the management board initiated comprehensive restructuring measures with sustainable cost saving potential to bring the company's cost structure in line with the revenues. The expected savings potential significantly exceeds ten million euros. In addition, sales

2020-02-19T14:23:58+01:00February 26th, 2019|

Wolford Launches Market Offensive in China with a New Partner

Starting on February 1, 2019, Wolford AG is relying on Fosun Fashion Brand Management Company (FFBM) as its new partner to manage the company’s brand identity in the important Chinese market which features a steadily growing class of luxury-oriented consumers. After Wolford’s success in expanding its presence Hong Kong and Macau up until now, FFBM

2020-02-19T14:25:24+01:00February 25th, 2019|

Wolford Presents New Shop Concept in Amsterdam

On January 31, 2019, Wolford opened its first shop in Amsterdam in the new store design in the presence of 130 invited media representatives and other guests. The new shop with close to 80 m² of floor space in the middle of the noble shopping street P.C. Hooftstraat will make the new look and feel

2020-02-19T14:26:13+01:00February 4th, 2019|

Adjustment of outlook

After being presented with the results of the Christmas business and in light of the ongoing market weakness in January 2019, the Management Board does not expect the company to achieve positive operating earnings (EBIT) in the current 2018/19 financial year (May 1, 2018 - April 30, 2019) in spite of the positive cost effects

2020-02-19T14:26:54+01:00January 15th, 2019|

Wolford AG: Detailed Figures announced for the First Half-Year 2018/19

Slightly improved operating earnings despite revenue decline Positive second-quarter EBIT Successful brand relaunch Outlook confirmed Bregenz, December 14, 2018: Wolford AG, which is listed on the Vienna Stock Exchange, generated revenue of € 62.37 million in the first half of the current financial year, comprising a decline of 11% compared to € 70.15 million in

2020-02-19T13:45:55+01:00December 14th, 2018|

Wolford Launches New Market Presence

Bregenz, November 15, 2018. Starting today, Wolford is present across the globe with a new imagery. Just on time to coincide with the new spring/summer 2019 fashion collection, the brand presents itself in a fresh and sometimes provocative look in line with the campaign motto #truecharacter: It is designed to underscore the claim made by

2020-02-19T13:45:55+01:00November 15th, 2018|

Wolford AG: Detailed Figures Announced for the First Quarter of 2018/19

Sustainable reduction of fixed costs Net debt cut in half Successful rollout of the new shop window concept Bregenz, September 7, 2018: Wolford AG, which is listed on the Vienna Stock Exchange, generated revenue of € 25.01 million in the first three months of the current financial year, comprising a decline of 14% compared to €

2020-02-19T13:45:55+01:00September 7th, 2018|