EANS-Adhoc: Wolford AG started further restructuring measures

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.

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26.02.2019

Bregenz – In view of the continuing negative revenue developments in the financial year 2018/19 (May 2018 to February 2019: -9 %), the management board initiated comprehensive restructuring measures with sustainable cost saving potential to bring the company’s cost structure in line with the revenues. The expected savings potential significantly exceeds ten million euros. In addition, sales activities will be strengthened, in particular in Asia. Wolford is in negotiations with the financing banks to ensure the funds available to service the liquidity needs. Wolford plans to return to profitability (positive operating result) in the financial year 2020/21.

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: Wien, Frankfurt, New York
language: English

Digital press kit: http://www.ots.at/pressemappe/16324/aom

Wolford AG
Maresa Hoffmann
Referentin Investor Relations & Corporate Communications
Tel.: +43 5574 690 1258 / +43 676 82 73 12 93
investor@wolford.com | company.wolford.com

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