Advantage Austria Show navigation

WOLFORD REPORTS SIGNIFICANT UPTURN IN SALES

Wolford Logo
September 27, 2010

The Austrian Wolford Group recorded a remarkable increase in sales of 9.2 percent

Wolford´s sales totaled a promising 29.8 million Euro for the reporting period from May through July 2010, reflecting the positive sales trend of preceding months. Growth in sales and demand was reported by all distribution channels as well as in most of the company´s geographic markets. In its US core market Wolford saw a significant increase in exports of 38.7 percent.

The Wolford group succeeded in optimizing its asset and capital structure. In addition, as a result of the persistent of cost reduction and efficiency-enhancing measures, the company´s earning indicators improved substantially.

Wolford, based in Bregenz in Austria, was 14 subsidiaries worldwide and distributes its products to 65 countries. The company has positioned itself on the world market as a luxury brand for stockings, ready-to-wear items, underwear, and bathing suits.

To view Wolford´s fall collection, visit: www.wolford.com/collection.html

On September 30th 2010, a dividend of 0.20 Euro per share will be paid to Wolford shareholders for the fiscal year of 2009/2010. CEO Holger Dahmen expects further sales increases in the near future and assures a positive outlook for the whole fiscal year.

Overview of sales and financial data for the first quarter of the 2010/11 fiscal year:
>> Sales 29,842 (+9.2 %)
>> EBIT -2,446 (+26.0 %)
>> Net profit / loss for the period -2,512 (+23.8 %)
>> Gross cash flow -291 (+78.5 %)
>> Shareholder´s equity 77,186 (+5.1 %)
>> Equity-to-assets ratio 51.3
>> Average number of full-time employees 1,469  

Related links

 
Wolford Company Website
print
©©ADVANTAGE AUSTRIA