Adjustment of outlook

11.03.2020, 1594 Zeichen

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Earnings Forecast 11.03.2020
Bregenz - The management board of Wolford AG has analyzed the effects of the increasing spread of the corona virus and expects this global epidemic to have a significant negative impact on the development of sales and earnings of the Wolford Group. In Italy, where the virus has hit particularly hard, Wolford's sales have fallen by about 50% in the last two weeks. Sales in the DACH region have fallen by around 30% in the last two weeks. These negative effects are expected to have impact on the new fiscal year 2020/21 (May 1, 2020 - April 30, 2021). Against this backdrop, the management board has corrected its outlook and no longer expects a positive operating result (EBIT) for the 2020/21 financial year.
In view of the current uncertainties, the Management Board will await the further course of the epidemic and its economic consequences before presenting a new medium-term outlook.
end of announcement euro adhoc
issuer: Wolford Aktiengesellschaft Wolfordstrasse 1 A-6900 Bregenz phone: +43(0) 5574 690-1258 FAX: +43(0) 5574 690-1410 mail: investor@wolford.com WWW: http://company.wolford.com ISIN: AT0000834007 indexes: ATX GP stockmarkets: New York, Wien, Frankfurt language: English
Digital press kit: http://www.ots.at/pressemappe/16324/aom

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Wolford

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1. Wolford, Shop, Amsterdam, Credit: Modijefsky , (© Aussender)   >> Öffnen auf photaq.com

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