The current Global Director HR of Wolford AG, Domenico Giordano, was appointed by the Supervisory Board of Wolford AG at its meeting today as a member of the Management Board for one year with effect from August 1, 2024. Domenico Giordano has more than 20 years of international experience in the luxury and fashion industry.
Wolford AG announces that the preliminary financial statements, now show a negative EBITDA of (-) 0.024 mEUR. EBIT is expected to total (-)17,7 mEUR, which represents a significant improvement compared to 2022 financial year. In particular due to macroeconomic developments, EBIT is expected to be negative in the 2024 financial year. The 2023 annual financial
The Chairwoman of the Management Board Silvia Azzali and the Supervisory Board of Wolford AG have agreed on a mutually agreed termination of her Management Board mandate as of June 14, 2024. The Supervisory Board would like to thank Ms. Azzali for her commitment to the company. Ms. Azzali has been a member of the
The Annual General Meeting of Wolford AG scheduled for June 14, 2024 will be postponed. A new date will be announced as soon as possible. An Extraordinary General Meeting for the election of Supervisory Board members will be held on June 14, 2024.
Regis Rimbert has been appointed by the Supervisory Board of Wolford AG as a member of the Executive Board for one year with effect from May 6, 2024. As Chief Transformation Officer, he will support and drive forward the further transformation of the company.
Wolford AG announces that the publication of the audited annual financial statements as of December 31, 2023 and the audited consolidated financial statements as of December 31, 2023 must be postponed, as it was not possible to compile all financial information in time. The company is endeavoring to complete the steps required to prepare the
Wolford AG announced that sales in the amount of EUR 126.9m was achieved in the fiscal year 2023. This corresponds to an increase of +1% compared to the previous fiscal year 2022. The Asia-Pacific (APAC) region reported growth of 32%, while North America experienced 2% growth at a constant 2023 exchange rate. However, North America
The Executive Board of Wolford AG anticipates, despite worsening of the worldwide macroeconomic situation, a positive EBITDA in the single-digit million range for the ongoing fiscal year, with a positive EBIT expected for fiscal year 2024, as a result of the ongoing efforts to adjust cost and grow sales.
Wolford AG hereby announces that the Financial report (half-year) is immediately available under the following internet address: Report Type: Financial report (half-year) according to § 125 BörseG Language: German Address: https://company.wolford.com/de/investor-relations-2/reporting/ Language: English Address: https://company.wolford.com/investor-relations/reporting/ Remarks: Reference is made to the ad hoc announcement dated August 29, 2023
We are pleased to report that group sales for the reporting period from January to June 2023 grew by 8% to 58,8 mEUR (2022: 54,3 mEUR). This growth has been driven by investment in effective marketing activities, on-trend designer collaborations as well as Wolford‘s new focused and elevated product proposition of iconic styles and smart