Wolford AG — Earnings Release 2012

Jul 9, 2012

Ad hoc announcement

Wolford AG / Keyword(s): Final Results/Weiteres Schlagwort

Wolford AG: Ad hoc Announcement on Sales and Results in Fiscal Year 2011/12

Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The
issuer is solely responsible for the content of this announcement.

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Wolford Group:
Ad hoc Announcement on Sales and Results in Fiscal Year 2011/12

• Sales up 1.3 percent to EUR 154.1 million

• EBITDA and EBIT slightly under previous year's level

• Dividend payment of EUR 0.40 per share foreseen

Vienna/Bregenz, July 9, 2012

The Wolford Group faced a challenging environment in fiscal year 2011/2012
(May 1, 2011 - April 30, 2012). In the reporting period, the Group
increased its sales by 1.3 percent. Sales rose from EUR 152.2 million to
EUR 154.1 million. At EUR 15.3 million, EBITDA was slightly below the
previous year's level (2010/11: EUR 15.7 million). The operating profit
(EBIT) reached EUR 7.0 million (previous year: EUR 7.3 million). The
results were negatively influenced by the intensification of
future-oriented measures taken by the Wolford group worldwide. These
included the expansion of Wolford's proprietary network of stores, with
corresponding initial costs, and preparations for the extension of
distribution in China.

The effects of a tax audit in Austria for the fiscal years 2003/04 -
2009/10 strongly manifested themselves in earnings after taxes. The net
result for fiscal year 2011/12 came to EUR 1.4 million (previous year:
EUR 5.1 million). Removing the special effects of the tax audit yields an
annual result of EUR 4.3 million.

The Executive Board will propose to the Supervisory Board and to the Annual
General Meeting a payout of EUR 0.40 per dividend-entitled share for fiscal
year 2011/12.

The fiscal year 2012/13 revealed a promising start. The first two months of
2012/13 displayed a substantial rise in sales compared to the reporting
period in the previous year.

Contacts: Holger Dahmen (Chief Executive Officer)
Peter Simma (Deputy Chief Executive Officer)
investor@wolford.com
Wolford Aktiengesellschaft, Wolfordstrasse 1, A-6901 Bregenz
+43 (0) 5574 690-1268
www.wolford.com

The detailed figures on fiscal year 2011/12 will be published on Friday,
July 20, 2012.

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Language: English
Company: Wolford AG
Wolfordstraße 1
6901 Bregenz
Austria
Phone: +43/5574/6901268
Fax: +43/5574/6901219
E-mail: investor@wolford.com
Internet: www.wolford.com
ISIN: AT0000834007
WKN: 83400
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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