Wolford sales up 1.3 percent in fiscal 2011/12

In spite of challenging economic conditions, Wolford succeeded in increasing sales slightly by 1.3 percent to EUR 154.1 million ($188.94 million) in the 2011/12 fiscal year ended April 30, 2012 compared to EUR 152.2 million ($186.61 million) last year. EBITDA amounted to EUR 15.3 million ($18.76 million), slightly below the comparable level of EUR 15.7 million ($19.25 million) in 2010/11, whereas EBIT totaled EUR seven million {previous year: EUR 7.3 million ($8.95 million)}.

As of April 30, 2012, shareholders’ equity of the Wolford Group amounted to EUR 83.6 million ($102.50 million) {April 30, 2011: EUR 83.9 million ($102.86 million)}.

The Executive Board will propose to the Supervisory Board and the Annual General Meeting that the company distributes a dividend of EUR 0.40 ($0.49) for the past 2011/12 fiscal year for each share entitled to a dividend. A dividend of EUR 0.40 ($0.49) for the 2010/11 fiscal year was already paid for each no par value bearer share.

From a regional perspective, a positive picture generally emerged from Wolford’s core geographic markets. In particular, Spain showed a very good development, with sales up 18.5 percent due to adaptations made to distribution structures. Wolford also succeeded in generating significant sales increases, with sales up in Belgium, UK, Germany, USA and Austria. In contrast, sales fell slightly in France and Scandinavia.

Austrian company Wolford Aktiengesellschaft headquartered in Bregenz on Lake Constance operates 15 subsidiaries and markets its own products in the Legwear, Ready-to-wear, Lingerie, Swimwear and Accessories segments in 68 countries via more than 260 monobrand stores (own and partner-operated), about 3,000 trading partners and online.