21st Austria weekly - Wolftank, Wolford (16/10/2023)

22.10.2023

Wolftank: Wolftank Group, specialized in renewable energy and environmental remediation technologies, has completed the announced acquisition of the Italian environmental services provider Petroltecnica SpA with annual sales of EUR 28.9 million (2022). The purchase price for an additional 40 percent and one share amounts to EUR 4 million. Since July 2020, Wolftank Group held a ten percent stake in Petroltecnica, as well as positions on the Supervisory Board and Management Board, and had the option to increase its stake to a majority. The consolidation of the new subsidiary will further strengthen the Wolftank Group's balance sheet and expand the base for future growth.
Wolftank-Adisa: weekly performance: -13.04%

Wolford: The Executive Board of  bodywear group Wolford anticipates, despite worsening of the worldwide macroeconomic situation, a positive EBITDA in the single-digit million range for the ongoing fiscal year, with a positive EBIT expected for fiscal year 2024, as a result of the ongoing efforts to adjust cost and grow sales.  
Wolford: weekly performance: 8.37%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (16/10/2023)


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21st Austria weekly - Wolftank, Wolford (16/10/2023)


22.10.2023, 1171 Zeichen



Wolftank: Wolftank Group, specialized in renewable energy and environmental remediation technologies, has completed the announced acquisition of the Italian environmental services provider Petroltecnica SpA with annual sales of EUR 28.9 million (2022). The purchase price for an additional 40 percent and one share amounts to EUR 4 million. Since July 2020, Wolftank Group held a ten percent stake in Petroltecnica, as well as positions on the Supervisory Board and Management Board, and had the option to increase its stake to a majority. The consolidation of the new subsidiary will further strengthen the Wolftank Group's balance sheet and expand the base for future growth.
Wolftank-Adisa: weekly performance: -13.04%

Wolford: The Executive Board of  bodywear group Wolford anticipates, despite worsening of the worldwide macroeconomic situation, a positive EBITDA in the single-digit million range for the ongoing fiscal year, with a positive EBIT expected for fiscal year 2024, as a result of the ongoing efforts to adjust cost and grow sales.  
Wolford: weekly performance: 8.37%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (16/10/2023)



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