Wolford AG started further restructuring measures

26.02.2019, 1362 Zeichen

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.
No Keyword 26.02.2019
Bregenz - In view of the continuing negative revenue developments in the financial year 2018/19 (May 2018 to February 2019: -9 %), the management board initiated comprehensive restructuring measures with sustainable cost saving potential to bring the company's cost structure in line with the revenues. The expected savings potential significantly exceeds ten million euros. In addition, sales activities will be strengthened, in particular in Asia. Wolford is in negotiations with the financing banks to ensure the funds available to service the liquidity needs. Wolford plans to return to profitability (positive operating result) in the financial year 2020/21.
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: investor@wolford.com WWW: http://company.wolford.com ISIN: AT0000834007 indexes: ATX GP stockmarkets: Wien, Frankfurt, New York language: English
Digital press kit: http://www.ots.at/pressemappe/16324/aom

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Wolford

Bildnachweis

1. Wolford, Shop, Amsterdam, Credit: Modijefsky , (© Aussender)   >> Öffnen auf photaq.com

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