EQS-Adhoc: Wolford AG: Wolford AG presents detailed figures for the fiscal year 2021
EQS-Ad-hoc: Wolford AG / Key word(s): Annual Results
Wolford AG: Wolford AG presents detailed figures for the fiscal year 2021
17-Jun-2022 / 14:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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Bregenz, June 17, 2022:
• EBITDA € 8,535
• EBITDA margin 7.8%
• EBIT € -5,263
• EBIT margin -4.8%
• Earnings after taxes € -12,332
With sales of € 108.9 million for the reporting period January to December
2021, Wolford AG beat the previous year (January to December 2020) by
approximately € 13.2 million (approx. 14%). EBITDA (operating result
before depreciation and amortization and other financial expenses) turned
positive from € -8.0 million to € +8.5 million, which is the best EBITDA
result in 10 years (adjusted for real estate sales).
Wolford delivered a resilient and encouraging performance with a
significant turnaround in EBITDA, and demonstrated a clear path to
sustainable growth despite the challenging market conditions in 2021. The
company delivered positive sales growth across all channels and
geographies, as a result of its global expansion and enhanced brand
strategies. Substantial revenue growth in both the US and China partially
offset the impact of lockdowns in Europe. Athleisure lines and capsule
collections with internationally acclaimed designers have also proven to
be a new, high-growth avenue for the brand. The business will continue to
innovate to capture the significant market opportunities which exist.
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17-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Wolford AG
Wolfordstrasse 1
6900 Bregenz
Austria
Phone: +43/5574/6900
E-mail: investor@wolford.com
Internet: www.wolford.com
ISIN: AT0000834007
WKN: 83400
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Munich, Stuttgart; Vienna Stock Exchange
(Official Market)
EQS News ID: 1378381
End of Announcement EQS News Service
1378381 17-Jun-2022 CET/CEST
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