21st Austria weekly - Wolford (13/05/2021)

Wolford: Bodywear brand Wolford generated sales of Euro 68.0 mn and therefore limited the decline in sales to Euro 22.8 mn (approx. 25%) compared to the same period of the previous year (May to December 2019). Strong short fiscal year despite Covid-19: Company able to pay off debt under its own management, earnings significantly higher than previous year Despite the sales losses due to Covid-19, Wolford achieved a result (Group Profit/Loss) of Euro +12.8 mn and therefore significantly exceeded previous year's result of Euro -14.5 mn. This figure includes the effects of the sale of real estate and the change in the value of right-of-use assets following the implementation of impairment tests. As reported, the purchase price of Euro 72 mn for the property at Wolfordstrasse 1-3 in Bregenz was used at the beginning of May to pay off all debt. Wolford remains to see it as its goal within the fiscal year 2021 to reach breakeven.
Wolford: weekly performance: 8.74%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (13/05/2021)

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1. Wolford-Jahrespressekonferenz am 23. Juli 2019   >> Öffnen auf photaq.com

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