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Wolford AG (WLFD.VI)

WLFD.VI on Vienna Stock Exchange

17.31EUR
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Wolford: Antonella Mei-Pochtler resigns as chairperson, will leave supervisory board
Wednesday, 9 Aug 2017 03:15am EDT 

Aug 9 (Reuters) - WOLFORD AG :ANTONELLA MEI-POCHTLER RESIGNS AS CHAIRPERSON AND WILL LEAVE SUPERVISORY BOARD.‍NEW CHAIR WILL BE ELECTED AT NEXT SUPERVISORY BOARD MEETING FOLLOWING ANNUAL GENERAL MEETING ON SEPTEMBER 14, 2017​.UNTIL DAY OF AGM DEPUTY CHAIRWOMAN OF SUPERVISORY BOARD, CLAUDIA BEERMANN, ASSUMES CHAIR OF SUPERVISORY BOARD.  Full Article

Wolford FY 2016/17 ‍revenue down 5% yoy to EUR 154.28 mln​​
Tuesday, 8 Aug 2017 07:02am EDT 

Aug 8 (Reuters) - WOLFORD AG ::FY ‍REVENUE FELL BY 5% YEAR-ON-YEAR TO EUR 154.28 MILLION (-4.1% ADJUSTED FOR CURRENCY EFFECTS).​.FY ‍EBITDA AMOUNTED TO EUR - 3.39 MILLION COMPARED TO EUR 8.38 MILLION (ADJUSTED 2015/16 EBITDA)​.‍AS A CONSEQUENCE OF VARIOUS ONE-OFF EFFECTS, FY EBIT TOTALED EUR -15.72 MILLION (ADJUSTED 2015/16 EBIT: EUR -2.92 MILLION)​.FY ‍EARNINGS AFTER TAX EQUALED EUR - 17.88 MILLION (2015/16 ADJUSTED: EUR - 10.66 MILLION) AND THUS CORRESPONDS TO FORECAST​.‍OUTLOOK CONFIRMED​.  Full Article

Wolford secures financing until June 2018
Tuesday, 11 Jul 2017 09:41am EDT 

July 11 (Reuters) - WOLFORD AG :SECURES FINANCING UNTIL JUNE 2018.HAS ALSO AGREED TO BE GRANTED BRIDGE FINANCING OF UP TO EUR 10 MILLION TO COVER ITS PEAK SEASONAL LIQUIDITY REQUIREMENTS.AGREED WITH ITS BANKING PARTNERS TO HAVE ITS LINES OF CREDIT EXTENDED UP UNTIL JUNE 30, 2018.IS ACTIVELY SUPPORTING PROCESS INITIATED BY MAIN SHAREHOLDERS TO SELECT INVESTORS INTERESTED IN PURCHASING A MAJORITY STAKE IN WOLFORD.  Full Article

Wolford says CEO to step down
Wednesday, 5 Jul 2017 12:39pm EDT 

July 5 (Reuters) - Wolford AG ::eans-adhoc: wolford aktiengesellschaft / change in the management board.Ashish Sensarma, 57, chief executive officer (CEO) of Wolford AG since January 2015, will resign from his position on management board as of July 31, 2017.Axel Dreher, 52, previous deputy chief executive officer, will also assume management responsibility for strategy, marketing and sales as of August 1, 2017.Supervisory board of Wolford AG appointed Brigitte Kurz, 43, as new member of management board starting on August 1, 2017.Ms. Kurz, director of finance department until present time, will take over responsibilities from Axel Dreher as chief financial officer.Axel Dreher will continue to carry out his duties as COO.  Full Article

Wolford postpones presentation of annual results until Aug. 24
Monday, 3 Jul 2017 11:25am EDT 

July 3 (Reuters) - WOLFORD AG :POSTPONES PRESENTATION OF ANNUAL RESULTS UNTIL AUGUST 24, 2017.  Full Article

Wolford says main shareholder group intends to sell its stake
Monday, 12 Jun 2017 01:28am EDT 

June 12 (Reuters) - WOLFORD AG ::SAID ON FRIDAY, MAIN SHAREHOLDER GROUP OF WOLFORD, WMP FAMILIEN-PRIVATSTIFTUNG, SESAM PRIVATSTIFTUNG AND ITS UNIT "M. ERTHAL & CO." BETEILIGUNGSGESELLSCHAFT M.B.H., AS WELL AS RELATED PARTIES ANNOUNCED INTENTION TO SELL THEIR STAKE, WHICH IS A MAJORITY STAKE, IN WOLFORD AG.TO THIS END, THE SHAREHOLDERS ARE STARTING A PROCESS, WHICH IS SUPPORTED BY DELOITTE FINANCIAL ADVISORY GMBH, FOR THE SELECTION OF INTERESTED PARTIES.WOLFORD AG WILL JOIN THIS SELECTION PROCESS.PURCHASE OF THE MAJORITY STAKE BY A FUTURE CORE SHAREHOLDER SHALL BE COMBINED WITH AN EQUITY FINANCING TRANSACTION THAT SHALL STRENGTHEN THE COMPANY'S LIQUIDITY ON A LONG-TERM BASIS.ISSUE SIZE HAS NOT YET BEEN DETERMINED.  Full Article

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

BRIEF-Wolford: Antonella Mei-Pochtler resigns as chairperson, will leave supervisory board

* ANTONELLA MEI-POCHTLER RESIGNS AS CHAIRPERSON AND WILL LEAVE SUPERVISORY BOARD