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Change in the Wolford Management Board / Global Sales & Merchandising Director Silvia Azzali appointed as the New Chief Commercial Officer (CCO)

Wolford AG announced today that the Supervisory Board appointed Silvia Azzali (48), the present Global Sales & Merchandising Director of Wolford AG, to serve on the Management Board as the company’s Chief Commercial Officer (CCO). Starting on November 1, 2019, the Wolford manager will be responsible for the areas of Sales & Merchandising, Marketing and

2020-02-19T14:17:27+01:00October 29th, 2019|

Change in the Management Board

At its meeting today, the Supervisory Board of Wolford AG appointed Silvia Azzali (48), Global Sales & Merchandising Director of Wolford AG, to serve as a new Member of the Management Board. Chief Executive Officer (CEO) Axel Dreher resigned from his Management Board position today on the most amicable terms with the Supervisory Board and

2020-02-19T14:18:16+01:00October 29th, 2019|

Prof. Dr. Matthias Freise newly elected to the Supervisory Board

Bregenz, 26.9. 2019: At yesterday's Annual General Meeting, Prof. Dr. Matthias Freise was newly elected to the Supervisory Board. The election is valid until the end of the 37th Annual General Meeting which formally approves the actions of the Managing Board and the Supervisory Board in the fiscal year 2023/24. Prof. Dr. Matthias Freise, born

2020-02-19T14:18:56+01:00September 26th, 2019|

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|
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