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Wolford AG reduces loss slightly and creates basis for future growth

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

• 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 €

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Financing secured for a further two years

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

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,

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Wolford AG: Cost Savings Partially Compensate for Revenue Decline

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

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

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Wolford AG started further restructuring measures

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

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

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Wolford Launches Market Offensive in China with a New Partner

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

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

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Wolford Presents New Shop Concept in Amsterdam

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

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

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Adjustment of outlook

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

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

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Wolford Launches New Market Presence

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

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

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Changeover from Prime Market to the Standard Market

By |2020-02-19T13:45:55+01:00September 5th, 2018|Corporate News|

Within the context of the index adjustments of the ATX Committee of the Vienna Stock Exchange, shares of the publicly listed company Wolford AG will no longer be traded on the Prime Market as of September 24, 2018 and will replace on the Standard Market. The underlying reason is that less than 10% of Wolford

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Wolford AG: Visible success of restructuring program – free cash flow now positive again

By |2020-02-19T13:45:56+01:00July 13th, 2018|Corporate News|

• Loss reduced by more than a third • Successful capital increase boosts equity base • Key focus on digitization and internationalization Bregenz, 7. 13. 2018: Wolford AG, which is listed on the Vienna Stock Exchange, today published its annual financial statements for the 2017/18 financial year (May 2017 to April 2018). The Wolford Group’s

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