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%
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 companys Chief Commercial Officer (CCO). Starting on November 1, 2019, the Wolford manager will be responsible for the areas of Sales & Merchandising, Marketing and
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
Mrs. Mag. (FH) Brigitte Kurz (CFO), member of the board of Wolford AG, has stepped back from her position. In best accordance with Supervisory Board she will continue to serve as board member until end of October 2019.The Supervisory Board today appointed Andrew Thorndike as a new member of the Management Board. Andrew Thorndike will
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,