Wolford AG — Earnings Release 2001

Nov 6, 2001

News Details

Ad-hoc | 6 November 2001 09:00

Wolford AG english

Press Release from the Managing Board of Wolford AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Press Release from the Managing Board of Wolford AG on the Turnover for the First Half of the Financial Year 2001/02 (1 May 2001 to 31 Oct 2001): Group turnover: down 4%, brand turnover: down 1%. Turnover trend in the first half of 2001/02: million EUR 67.02, in the first half of 2000/01: million EUR 69.47. On a 9 % growth path until the end of August, turnover declined in (typically strongest) months of September and October: Germany: -5 %, UK: -7 %, France: -1 %, USA: -3 %, Japan: -13 %. Positive market trends can be seen in Italy: +41 %, Scandinavia: +9 %, Far East: +6 %, Netherlands: +5 %, Switzerland: +3 %. Turnover in Wolford-owned boutiques went up by 6%, in Wolford partner boutiques down by 6%. Department stores: equivalent to last year. Multibrand: decline of 8%. Product groups present themselves as follows: Legwear: +6% (core business increased to 50 % of total turnover), Body Culture: +7 %, Bodywear: -5%. The decrease in turnover of the past two months will have a negative effect on the earnings. Workforce trend: As of 31 October 2001 2,010 employees (1,879 full-time employees) are working for the Wolford Group compared to 2,031 employees (1,911 full-time employees) as of 31 October 2000. Financial calendar: 11 December 2001 earnings figures for first half of 2001/02. 7 February 2002 turnover figures for third quarter of 2001/02, 13 March 2002 earnings figures for third quarter of 2001/02. end of ad-hoc-announcement (c)DGAP 06.11.2001 ——————————————————————————– WKN: 083400; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München und Stuttgart 060900 Nov 01