EQS-Ad-hoc: Wolford AG / Key word(s): Development of Sales/Half Year
Results
Wolford AG: Wolford AG announces group results for the first 6 months of
2024
23-Aug-2024 / 12:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Wolford hereby publishes the Group Sales for the reporting period from
January to June 2024. The global sales decreased by 15.7 mEUR compared to
last year to 43.1 mEUR (2023: 58,8 mEUR). Wolford experienced this
decrease in Q2 due to the transition to a new logistics provider which led
to unexpected delivery problems caused by the provider. The resulting
turnover backlog is confirmed to be eliminated by end of August 2024. The
closure of unprofitable stores was another factor that had a significant
impact on the result.
Despite these declines, the new management will stick to Wolford’s
business model and therefore sees no reason to modify it. The company will
not compromise on its high standards and is confident that the team can
navigate these challenges.
End of Inside Information
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23-Aug-2024 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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 1974157
End of Announcement EQS News Service
1974157 23-Aug-2024 CET/CEST
