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Wolford AG (WLFD.VI)

WLFD.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wolford revises guidance for 2016/17 FY and planning for following yrs
Wednesday, 12 Apr 2017 09:50am EDT 

Wolford AG : Revises guidance for 2016/17 financial year and planning for following years . Company plans to generate positive operating results again in 2018/19 financial year . Updated medium-term planning focuses on sustainably improving cost structures with objective of making company profitable again . Against backdrop of current difficult market environment, latest planning assumptions foresee moderate revenue growth of individual sales channels . Time frame of two years is stipulated to implement measures designed to improve earnings . Expects to allocate provisions in 2016/17 financial year in range of 7 million to 9 million euros ($7.42 million - $9.55 million) for impairment losses and restructuring measures in addition to operating losses amounting to 8 million to 10 million euros .In order to ensure a sustainable financing structure, management board of Wolford AG is currently examining various suitable equity capital measures with its core shareholders.  Full Article

Wolford revises guidance for current financial year
Wednesday, 25 Jan 2017 11:46am EST 

Wolford AG : Revises guidance for current financial year . In spite of a slight recovery in its revenue development starting in November 2016 and Christmas sales matching prior-year level, revenue in january declined again, so that revenue decrease up until now equals close to 8% compared to previous year . Wolford will not be able to compensate for corresponding revenue decline and losses incurred before financial year ends on April 30, 2017 . Against this backdrop, management expects negative operating results ranging between minus 8.0 million euros and minus 10.0 million euros (minus $8.60-$10.74 million)for entire current 2016/17 financial year .Group will restructure its financing in order to ensure sufficient financial resources to fulfill company's liquidity needs.  Full Article

Wolford H1 loss after tax widens to 8.45 million euros
Friday, 16 Dec 2016 01:41am EST 

Wolford AG : H1 revenue 67.62 million euros ($70.64 million) versus 79.24 million euros year ago . H1 EBIT -8.24 million euros versus -0.28 million euros year ago . H1 earnings after tax equaled -8.45 million euros compared to the prior year figure of -0.90 million euros . It will be a challenge to attain the communicated business targets in the light of the company's revenue development in the first half of 2016/17 .Third quarter begins with slight upswing in revenues in november.  Full Article

Wolford Q1 EBIT loss widens to EUR 8.3 mln, revises FY outlook
Wednesday, 31 Aug 2016 09:04am EDT 

Wolford AG : In light of a significant decline in Q1 revenue (-18 percent) and ongoing market weakness in August, it is unlikely that company will be able to make up for revenue decrease during rest of financial year . EBIT in Q1 of 2016/17 financial year amounted to minus 8.3 million euros ($9.24 million)(previous year: minus 3.0 million euros) .Expects revenue for full FY 2016/17 to stagnate or drop slightly below prior-year level, and possibly negative operating results in lower single-digit million euro range.  Full Article

Wolford FY result swings to loss of EUR 6.19 mln
Friday, 15 Jul 2016 01:30am EDT 

Wolford AG : Dividend of 0.20 euro per share proposed . FY revenues grew by 3.2 percent to 162.40 million euros ($180.54 million) . Targets for 2016/17: slight revenue growth and positive earnings . Operating earnings are expected to rise slightly in fy 2016/2017 . FY operating earnings (EBIT) came to 1.55 million euros, as against 2.17 million euros in 2014/15 financial year . FY earnings before tax were also positive (0.62 million euros, as against 1.21 million euros in previous year) .FY loss after tax 6.19 million euros versus profit 1.03 million euros year ago.  Full Article

Wolford centralizes its sales and marketing organization
Tuesday, 24 May 2016 08:43am EDT 

Wolford Ag : Is centralizing its sales and marketing organization . Will create about 20 new jobs in Bregenz in current 2016/17 financial year within context of implementing these measures . There will be one central sales and marketing platform for europe, middle east and africa (EMEA) region located at corporate headquarters in Bregenz . Company is also focusing on platform strategy in America and Asia through its business hubs in New York and Hong Kong . Relocation of sewing operations to Wolford site in Slovenia as initiated in 2014 and related concentration of textile production in Bregenz will finally be concluded in current financial year .As part of its strategic objectives, Wolford AG has set a goal of gradually increasing its EBIT margin to 10 percent in order to match performance of other luxury brands.  Full Article

Wolford comments on FY 2015/2016 outlook
Friday, 18 Mar 2016 02:33am EDT 

Wolford AG:Management expects higher revenues in FY 2015/2016 as a whole compared to previous year​.  Full Article

Wolford AG confirms FY 2015/2016 outlook
Monday, 14 Dec 2015 02:00am EST 

Wolford AG:Confirms its original target of generating further increase in revenues and once again concluding FY 2015/2016 with positive operating results.  Full Article

Wolford confirms FY 2015/16 outlook
Monday, 14 Sep 2015 01:30am EDT 

Wolford AG:Full-Year 2015/16 targets confirmed.Is still planning to further raise revenues and conclude 2015/16 financial year with positive operating results.FY 2014/15 reported revenue 157.35 million euros.FY 2015/16 revenue estimate 164.19 million euros, EBIT estimate 2.82 million euros - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Wolford revises guidance for 2016/17 FY and planning for following yrs

* Revises guidance for 2016/17 financial year and planning for following years