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Wolford AG — Earnings Release 2021
Mar 11, 2020
771_iss_2020-03-11_9dede66c-0fd2-4eb4-879b-538bcedd9938.pdf
Earnings Release
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Publication Date: 11.03.2020 15:46 EANS-Adhoc: Adjustment of outlook
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Earnings Forecast 11.03.2020
Bregenz - The management board of Wolford AG has analyzed the effects of the increasing spread of the corona virus and expects this global epidemic to have a significant negative impact on the development of sales and earnings of the Wolford Group. In Italy, where the virus has hit particularly hard, Wolford's sales have fallen by about 50% in the last two weeks. Sales in the DACH region have fallen by around 30% in the last two weeks. These negative effects are expected to have impact on the new fiscal year 2020/21 (May 1, 2020 - April 30, 2021). Against this backdrop, the management board has corrected its outlook and no longer expects a positive operating result (EBIT) for the 2020/21 financial year.
In view of the current uncertainties, the Management Board will await the further course of the epidemic and its economic consequences before presenting a new medium-term outlook.
Further inquiry note: Wolford AG Maresa Hoffmann Investor Relations & Corporate Communications Tel.: +43 5574 690 1258 [email protected] | company.wolford.com
end of announcement euro adhoc
| issuer: | Wolford Aktiengesellschaft Wolfordstrasse 1 |
|---|---|
| A-6900 Bregenz | |
| phone: | +43(0) 5574 690-1258 |
| FAX: | +43(0) 5574 690-1410 |
| mail: | [email protected] |
| WWW: | http://company.wolford.com |
| ISIN: | AT0000834007 |
| indexes: | ATX GP |
| stockmarkets: New York, Wien, Frankfurt | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service