Wolford AG — Earnings Release 2002

Aug 6, 2002

News Details

Ad-hoc | 6 August 2002 09:00

Wolford AG english

Press Release of Wolford AG on Turnover for First Quarter of Financial Year 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Press Release of Wolford AG on Turnover for First Quarter of Financial Year 2002 The first quarter is influenced primarily by the markets’ delivery timelines for the fall/winter collection. Consolidated turnover is down 5% year-on-year: 1 May 2002 – 31 July 2002 EUR 26.1 million, 1 May 2001 – 31 July 2001 EUR 27.6 million. Contract manufacturing decreased by 34%: Due to changed shipping schedules of the two contract manufacturing customers, this category of turnover is being shifted to Q2. Brand turnover went down by 3%: The year-earlier period saw the launch of shipping of Long Distance products, which accounted for about EUR 2 million of turnover. The developments in the market cannot be gauged until the end of Q2, after pre-orders start shipping. The following year-on-year trends emerged in the first quarter: Italy up 35%, The Netherlands up 33%, CEE up 84%, Spain up 20%, France up 4%, USA up 3%, Far East down 38%, Germany down 17%. Department store turnover was up 8% on Q1 of last year. Wolford boutiques as a distribution channel saw a decrease of 2%. As planned, advance sales of this unique product line are showing growth. Financial calendar: AGM in Bregenz 3 September 2002, report on results for first quarter of 2002/03 17 September 2002, report on turnover for first half of 2002/03 6 November 2002, report on results for first half of 2002/03 11 December 2002. Web site: http://www.wolford.com. Shareholder hotlines: investor@wolford.com. Phone 0043.5574.690.1250, 0043.5574.690.1213, fax 0043.5574.690.1410, 0043.5574.690.1219 end of ad-hoc-announcement (c)DGAP 06.08.2002 ——————————————————————————– WKN: 083400; ISIN: AT0000834007; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München und Stuttgart 060900 Aug 02