Wolford AG — Earnings Release 2003

Feb 7, 2003

News Details

Ad-hoc | 7 February 2003 08:30

Wolford AG english

Turnover in third quarter (1 May 2002 – 31 January 2003) 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 Group turnover down 7%. At constant exchange rates (yoy), the turnover decline was 5%. Brand turnover down 6%. Consolidated Group turnover: 1 May 2002 – 31 January 2003 EUR 98.8 million, 1 May 2001 – 31 January 2002 EUR 105.9 million, 1 November 2002 – 31 January 2003 Group turnover down 5%. Market trend: Positive performance CEE up 27%, NL up 13%, E up 10%, A up 7%, U.S.A. down 5% (in USD: up 4%). Easing turnover Ger down 15%, U.K. down 11%, Scand down 9%, CH down 9%. Distribution: Wolford boutiques in total 248, partner-owned boutiques 197, Wolford-owned boutiques 51. Ten new outlets opened in third quarter: Hong Kong, Moscow (2), Sao Paolo, Grenoble, San José, Guadalajara, Wenzhou, New York, Arhus. Turnover by distribution channel: Wolford boutiques down 1%, partner- owned boutiques up 5%, department stores down 3%, Multi-brands down 14%. Turnover by product line: Legwear down 15%, Bodywear down 7%, bodyCULTURE up 9%. Outlook for Q4 2002/03: After successful start to partnership with Vivienne Westwood for FW 2002/03, collaboration is being expanded to 15 models for SS 2003. Product placement film: “Chicago”: Eight exclusive film styles, sales launch worldwide Feb. 2003. Collaboration with Estée Lauder: “Summer legs” theme, worldwide sales launch Feb. 2003. New product lines: Bridal collection with legwear & bodyCULTURE (lingerie) starts shipping March 2003. Sporteve collection: Advance sales begin 4Q 2002/03. Financial calendar: 13 March 2003: Full results 3Q 2002/03, 8 May 2003: Turnover financial year 2002/03, 16 July 2003: Annual press conference financial year 2002/03. Internet: www.wolford.com, shareholder hotlines: investor@wolford.com, phone ++ 43.5574.690.1250, 1213, fax ++ 43.5574.690.1410, 1219 end of ad-hoc-announcement (c)DGAP 07.02.2003 ——————————————————————————– WKN: 083400; ISIN: AT0000834007; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München und Stuttgart 070830 Feb 03