Last €23.23 EUR
Change Today -0.475 / -2.00%
Volume 580.0
WOL On Other Exchanges
Symbol
Exchange
Vienna
OTC US
OTC US
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As of 5:07 AM 07/14/14 All times are local (Market data is delayed by at least 15 minutes).

wolford ag (WOL) Snapshot

Open
€23.50
Previous Close
€23.70
Day High
€23.50
Day Low
€23.23
52 Week High
06/24/14 - €24.05
52 Week Low
01/31/14 - €16.81
Market Cap
116.1M
Average Volume 10 Days
1.1K
EPS TTM
€-0.70
Shares Outstanding
5.0M
EX-Date
09/17/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WOLFORD AG (WOL)

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wolford ag (WOL) Details

Wolford AG is engaged in the production and marketing of legwear, ready-to-wear garments, lingerie, swimwear, and accessories in Austria, the rest of Europe, North America, and Asia. It provides legwear products, including pantyhose, stockings, stay-ups, knee-highs, leggings, and socks; and ready-to-wear products comprising sweaters, dresses, blouses, coats, skirts, and trousers, as well as bodywear products. It also offers lingerie products, such as bras, strings, tangas, panties, briefs, corsages, garter belts, slips, and forming bodies and dresses; accessories consisting of scarves, shawls, hair bands, belts, and leg accessories; and swimwear consisting of swimsuits and bikinis, as well as beach accessories, such as pareos, tops, and dresses. The company sells its products through boutiques, concession shop-in-shops, factory outlets, and distribution partners, as well as through online. As of April 30, 2013, it had 120 company owned boutiques, 33 concession shop-in-shops, and 28 factory outlets; and 86 partner-operated boutiques. The company was founded in 1950 and is headquartered in Bregenz, Austria.

1,563 Employees
Last Reported Date: 03/14/14
Founded in 1950

wolford ag (WOL) Top Compensated Officers

Chief Financial Officer and Member of Executi...
Total Annual Compensation: €212.8K
Chief Operating Officer, Chief Technology Off...
Total Annual Compensation: €57.3K
Compensation as of Fiscal Year 2013.

wolford ag (WOL) Key Developments

Wolford AG Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2014; Confirms Earnings Guidance for the Financial Year 2014

Wolford AG reported earnings results for the third quarter and nine months ended January 31, 2014. For the quarter, the company announced that a satisfactory Christmas business pushed revenues up 2.2% in the period from November 2013 to January 2014, whereas the adjusted EBIT increased from EUR 4.66 million to EUR 5.09 million. Earnings after tax attributable to the equity holders of the parent company were EUR 3.7 million, or EUR 0.76 per diluted share, compared to EUR 3.75 million, or EUR 0.77 per diluted share, for the same quarter ended January 31, 2013. Revenues were EUR 48.61 million, compared to EUR 47.54 million for the same quarter ended January 31, 2013. For the nine months, the company's revenue fell by 0.6% to EUR 123.42 million against EUR 124.13 million a year ago. However, adjusted for negative foreign exchange effects of EUR 1.94 million which Wolford had to absorb, mainly from the US dollar and British pound, revenues actually rose by 1%. In contrast, the wholesale business remained restrained during the reporting period, which led to a 9% decline in wholesale revenues and negatively affected overall revenues and earnings of the company. Adjusted EBITDA, corrected for non-recurring expenses totaling EUR 0.64 million, fell from EUR 10.71 million to EUR 8.68 million in the first nine months, whereas adjusted EBIT was down from EUR 4.57 million to EUR 2.80 million. Earnings before tax were EUR 1.26 million against EUR 3.71 million a year ago. Earnings after tax attributable to the equity holders of the parent company were EUR 1.74 million, or EUR 0.35 per diluted share, compared to EUR 3.17 million, or EUR 0.65 per diluted share, for the same period ended January 31, 2013. The company confirmed earnings guidance for the financial year 2014. For the period, the company expects revenues should remain at around the previous year's level, whereas LBIT is expected to total up to approximately EUR 5 million, including non-recurring expenses of roughly EUR 3 million.

Wolford AG Announces Executive Changes

The long-time CEO of Wolford AG, Holger Dahmen, will leave the company per January 31, 2014 at his own request and seek a new external challenge after more than 10 years as CEO of the Wolford Group. In accordance with the Supervisory Board, he will resign from the Management Board with immediate effect. In the past 10 years, Holger Dahmen managed the company with great aptitude and guided it through the difficulties of economic and currency crises. Until further notice, the company will be managed by the Management Board members Axel Dreher and Thomas Melzer. Axel Dreher will function as spokesman of Wolford AG.

Wolford AG Announces Earnings Results for the First Half of Fiscal 2014; Revises Earnings Guidance for the Full Fiscal Year 2014

Wolford AG announced earnings results for the first half of 2013/14. The first six months of the current financial year closed with a 2.3% decline in revenues to EUR 74.81 million compared to EUR 76.59 million a year ago and EBITDA of EUR 1.64 million, compared with EUR 4.01 million in the previous year. LBIT totaled EUR 2.29 million compared to EUR 0.09 million a year ago. After an adjustment for foreign exchange effects, the revenue decline amounted to a comparatively low 0.7%. Negative foreign exchange effects for the Group's currency, the euro, resulted chiefly from the weaker US dollar and British pound. Wolford recorded a 5% increase in revenues at its own retail locations as well as sound 20% growth in the online shops. The wholesale business remained reserved during the reporting period, which led to a decline of 11% and, in total, to negative revenue and earnings development for the reporting period. This trend continued during the second quarter, and revenues and earnings for the period from August to October were therefore below expectations. Loss before tax was EUR 2.90 million compared to EUR 0.65 million a year ago. Loss after tax of EUR 1.96 million compared to EUR 0.59 million a year ago. Net debt was EUR 25.38 million compared to EUR 24.13 million a year ago. The company has revised earnings guidance for the current financial year 2013/2014 based on the development of revenues and earnings during the first six months and the implementation of optimization measures. From the current point of view, LBIT is expected to total up to approximately EUR 5 million, including non-recurring expenses of up to EUR 3 million, and revenues should remain at the previous year's level. The Management Board plans to finance the strategic refocussing and optimization measures described below, which were approved by the Supervisory Board in a meeting, from internal cash flow and the sale of non-operating assets.

 

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Valuation WOL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 1.5x
Price/Cash Flow 31.4x
TEV/Sales 0.5x
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