EQS-Adhoc: Wolford AG: Wolford AG presents detailed figures for the first half of fiscal year 2022
EQS-Ad-hoc: Wolford AG / Key word(s): Half Year Results
Wolford AG: Wolford AG presents detailed figures for the first half of
fiscal year 2022
23-Sep-2022 / 17:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
The issuer is solely responsible for the content of this announcement.
In July and August 2022 a number of supervisory and management board
changes were made. The team today remains focused on driving top line
growth and strengthening operational controls across the business.
With sales of € 54.3 million for the reporting period January to June
2022, Wolford records a significant improvement of 29.4% compared to the
first half of 2021. In terms of like-for-like growth excluding licensing
business, the growth is 40%: this shows a sales development that the
company has not experienced for years.
On the earnings side, the ongoing structural reorganization and the
difficult environment continue to be reflected: EBIT decreased by € -2.13
million compared to the first half of 2021.
Inflation that is higher than it has been in decades, increasing prices
for materials and logistic, international market environment affected and
investments to support the growth are driving the result. Under these
conditions the company cannot expect any improvement in operating profit
(EBIT) for the full year.
23-Sep-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
Company: Wolford AG
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 1449313
End of Announcement EQS News Service
1449313 23-Sep-2022 CET/CEST
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender