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
Bregenz, 12. May 2021: Following the reopening of stores in Europe, the USA, and China after the first wave of Covid-19 in the second quarter of 2020, the renewed lockdown in Europe since October 2020 has led to significant business losses, which will extend in all probability into the second half of 2021. Nevertheless, Wolford
Wolford AG postpones the publication of its audited annual financial statements as at 31 December 2020 and its audited consolidated financial statements as at 31 December 2020. The auditor has announced that the planned date cannot be met due to not timely received external audit evidence. The audit procedures will be finalized promptly. It is
Strong first half year despite Covid-19: sales stabilized, earnings increased by 6 % compared to previous year, break-even 2021 within reach! Bregenz, December 23, 2020: The first six months of the new short fiscal year 2020 of the Wolford AG, listed on Vienna Stock Exchange, were strongly marked by the impacts of the first Covid-19-related
Bregenz, December 11, 2020. The Executive Board of Wolford AG has decided not to publish the half-year report on December 11, 2020 for the short fiscal year 2020 starting on May 1, 2020. The reason for the postponement of publication is the preparation and recording of the contract adjustments triggered by the COVID-19 pandemic and
COVID-19 pandemic hits Wolford Restructuring program gains traction Operating results significantly higher than previous year Company confirms outlook on return to profitability by the end of the 2021 calendar year On the occasion of the annual general meeting, the management board reviewed the current business performance, confirming its outlook on return to profitability by the
On May 28, 2020, the buyer of the company property in Bregenz, the neighboring Blum Group, transferred the agreed purchase price of approximately EUR 72 million to the Wolford AG. At the same time Wolford repaid all credit lines to its financing banks. Simultaneously, the company repaid the shareholder loan including interests granted by Wolford's
Wolford AG today signed the contract with the Blum Group, for the sale of the company's property in Bregenz, Wolfordstraße 1 and 2 (signing). At the same time, Wolford is renting the required areas of the operational property from the buyer on a long-term basis, as the headquarters, research & development and production will remain
Wolford AG is currently in the final phase of negotiations with the Blum Group on the sale and rental of the company's property in Bregenz, Wolfordstraße 1 and 2. The purchase price offered amounts to approximately EUR 72 million. Wolford plans to rent the operational property from the buyer on a long-term basis, as the
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%