07.09.2018, 1923 Zeichen

Wolford: Austrian based legwear, ready-to-wear, lingerie & bodywear brand Wolford generated revenue of Euro 25.01 mn in the first three months of the current financial year, comprising a decline of 14% compared to Euro 29.09 mn in the previous year. The drop in revenue equalled 12.2% when adjusted for changes in currency exchange rates (especially the decrease in value of the Swiss franc and the US dollar). Within the context of systematically reducing ongoing costs, Wolford managed to slightly improve operating earnings (EBIT) in spite of the substantial revenue decline and higher marketing costs. EBIT in the first three months of the current 2018/19 financial year amounted to Euro -7.00 million, compared to Euro -7.22 million in the prior-year period. Earnings after tax amounted to Euro -7.56 million, down from Euro -6.91 million in the first quarter of 2017/18. Wolford confirms its financial guidance published within the context of presenting its annual results for 2017/18 on July 13, 2018. Earnings generated in the traditionally weak first quarter do not comprise the decisive factor determining the performance of the company in the rest of the financial year.

The management expects positive operating earnings (EBIT) in the current financial year, especially due to the positive impact of its restructuring program. The company said it is systematically pressing ahead with expanding its business in Asia. The revenue trend is moving in the right direction. Revenue on the Asian market rose considerably by 13% in the first three months of 2018/19. As announced, the company is currently working on a marketing strategy for China. Commercial ties with Chinese business partners are being significantly expanded, applying to partners both in the online business and physical retail.
Wolford: weekly performance: -7.38%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (07/09/2018)

Christian Drastil: Wiener Börse Plausch

D&D Research Rendezvous #20: Gunter Deuber sieht Europas Sonderkonjunktur nun at risk - intensiver Blick auf die Aktienmärkte

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Aktien auf dem Radar:FACC, RHI Magnesita, Amag, Agrana, Austriacard Holdings AG, Kapsch TrafficCom, Wolford, UBM, AT&S, DO&CO, Rath AG, RBI, Verbund, Wienerberger, Warimpex, Zumtobel, Palfinger, BKS Bank Stamm, Oberbank AG Stamm, Flughafen Wien, CA Immo, EuroTeleSites AG, CPI Europe AG, Österreichische Post, Telekom Austria, Infineon, Deutsche Boerse, Fresenius Medical Care, SAP, Scout24, Continental.

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