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Wolford AG — Earnings Release 2010
May 11, 2010
771_rns_2010-05-11_ef34849d-48d6-45cc-b8a0-957b6bd47157.html
Earnings Release
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Ad-hoc | 11 May 2010 07:45
Wolford AG: Ad hoc announcement: Sales in the fourth quarter of the 2009/10 fiscal year
Wolford AG / Development of Sales
11.05.2010 07:45
Dissemination of an Ad hoc announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc information on sales in the fourth-quarter of the 2009/10 fiscal
year
Wolford significantly increases fourth-quarter sales
-
Sales in the fourth quarter up 8.7 percent from previous year
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Proprietary stores raise fourth-quarter sales by 20.3 percent
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Positive earnings outlook for the 2009/10 fiscal year
Bregenz, May 11, 2010
The fourth quarter of Wolford's 2009/10 fiscal year once again confirmed
the perceptible pick-up of sales for the Austrian luxury brand which had
become evident in the previous months. On balance, sales totaled EUR 31.4
million in the period February - April 2010, an increase of 8.7 percent
compared to the fourth quarter of the previous fiscal year. In particular,
a 20.3 percent rise in sales at Wolford's proprietary stores (boutiques,
shop-in-shops and factory outlets) contributed to this ongoing positive
development. Sales rose by 7.6 percent on a like-for-like basis.
During the period under review, a gratifying sales trend became apparent,
amongst other core markets, in the USA, which registered a rise of 27.3
percent, Great Britain with a 21.2 percent increase, and Germany, where
sales were up by 7.4 percent, each in the respective local currency.
On a cumulative basis, the positive fourth-quarter sales development
enabled Wolford to improve upon the overall decline in sales of 4.9 percent
for the first nine months of the fiscal year and limit the sales downturn
to -2.2 percent for the 2009/10 fiscal year as a whole. Accordingly, total
sales of the Wolford Group in 2009/10 amounted to EUR 144.0 million
(2008/09: EUR 147.3 million).
From today's perspective, the Executive Board of Wolford Aktiengesellschaft
expects a considerable earnings improvement for the entire 2009/10 fiscal
year in comparison to the prior-year level.
Contact: Holger Dahmen (Chief Executive Officer)
Peter Simma (Deputy Chief Executive Officer)
[email protected]
Wolford Aktiengesellschaft, Wolfordstraße 1, A-6901 Bregenz
+43 (0) 5574 690-1268
www.wolford.com
The above-mentioned information represents preliminary sales results. The
final sales and earnings figures for the fourth quarter as well as the
results for the 2009/10 fiscal year will be published on July 23, 2010.
11.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Wolford AG
Wolfordstraße 1
6901 Bregenz
Österreich
Phone: +43/5574/6907434
Fax: +43/5574/6907440
E-mail: [email protected]
Internet: www.wolford.com
ISIN: AT0000834007
WKN: 83400
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien
End of News DGAP News-Service