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Wolford AG — Earnings Release 2014
May 27, 2014
771_iss_2014-05-27_d7bb31de-09be-480f-b7ab-b0b37d4098a2.pdf
Earnings Release
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EANS-Adhoc: Wolford AG sells non-operational real estate
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Earnings/Sale of non-operating asset
Bregenz/Vienna, May 27, 2014. Wolford AG concluded an agreement on May 26, 2014 to sell a non-operating real estate in Bregenz, Austria, to an internationally active company based in Vorarlberg, Austria. Thus the intensive negotiations on the sale of the property carried out over a period of several weeks were successively completed. The net proceeds from the sale amount to approx. EUR 6.7 million, leading to a book profit of ca. EUR 3.4 million in the first quarter of the fiscal year 2014/15. "The disposal of non-operating assets is a key component of our strategic refocusing which we will be able to finance from our own resources, among others the proceeds from this real estate sale", explains Thomas Melzer, Chief Financial Officer of Wolford AG.
Further inquiry note: Wolford AG
Axel Dreher (COO / CTO)
Thomas Melzer (CFO)
| issuer: | +43 (0) 5574 690-1258 (IR) Wolford Aktiengesellschaft Wolfordstrasse 1 A-6900 Bregenz |
|---|---|
| phone: | +43 (0) 5574 690-1258 |
| FAX: | +43 (0) 5574 690-1219 |
| mail: | [email protected] |
| WWW: | www.wolford.com |
| sector: | Textiles & Clothing |
| ISIN: | AT0000834007 |
| indexes: | ATX Prime, ATX Global Players |
| language: | stockmarkets: free trade: Frankfurt, regulated dealing: Wien, ADR: New York English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service