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wolford ag (WOL) Details

Wolford Aktiengesellschaft produces and markets legwear, ready-to-wear garments, lingerie, beachwear, and accessories in Austria, Germany, France, rest of Europe, North America, Rest of Europe, and Asia/Oceania. The company provides legwear products, including pantyhose, tights, stay-ups, knee-highs, leggings, and socks; and lingerie comprising bras, briefs, bodies, garter belts, and slips. It also offers ready-to-wear products, such as pullovers, dresses, skirts, trousers, tops, cardigans and vests, capes, and shirts; accessories, including scarves and bracelets; and beachwear consisting of swimbodies and bikinis. The company sells its products through boutiques, partner boutiques, concession shop-in-shops, factory outlets, department stores, multi-brand retail stores, and distribution partners, as well as through franchise, private label, travel retail, and online. As of April 30, 2018, it had 267 monobrand points of sales. Wolford Aktiengesellschaft was founded in 1950 and is headquartered in Bregenz, Austria. Wolford Aktiengesellschaft operates as a subsidiary of Fosun Industrial Holdings Limited

1,354 Employees
Last Reported Date: 03/16/19
Founded in 1950

wolford ag (WOL) Top Compensated Officers

CEO & Member of Management Board
Total Annual Compensation: €525.0K
CFO & Member of Management Board
Total Annual Compensation: €345.9K
Compensation as of Fiscal Year 2018.
wolford ag
Wolford Aktiengesellschaft Reports Earnings Results for the Nine Months Ended January 31, 2019

Wolford Aktiengesellschaft announced earnings results for the nine months ended January 31, 2019. For the nine months, the company announced sales was EUR 108.15 million compared to EUR 119.36 million a year ago. Net loss was EUR 4.22 million compared to EUR 2.57 million a year ago. Basic loss per share was EUR 0.64 compared to EUR 0.52 a year ago.

Wolford Aktiengesellschaft Provides Earnings Forecast for the Financial Year Ending April 30, 2019

Wolford Aktiengesellschaft provided earnings guidance for the financial year ending April 30, 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 generated by the restructuring program to date. Accordingly, the management board revises its previous forecast and now anticipates a loss in the 2018/19 financial year.

Wolford AG Reports Earnings Results for the First Half of Fiscal 2018; Provides Earnings Guidance for Fiscal Year 2018-2019

Wolford AG reported earnings results for the first half of fiscal 2018. For the period, the company revenue of €62.37 million in the first half of the current financial year, comprising a decline of 11% compared to €70.15 million in the previous year. The decrease in revenue equaled 10% during the first six months when adjusted for changes in currency exchange rates. Loss after tax was €7.33 million against €6.62 million a year ago. Loss per share was €1.10 against €1.35 a year ago. Loss per share was €1.10 against €1.35 a year ago. The company confirms its outlook for the current financial year in spite of the weak revenue development in the first half-year. The third quarter of the year which traditionally generates the revenue has just commenced, the generated cost savings have proven to be sustainable, and the company is continually striving to reduce fixed costs. For these reasons, the management continues to expect positive operating earnings (EBIT) in the current 2018/19 financial year.

 

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