 EANS-Adhoc: Adjustment of outlook
Geschrieben am 11-03-2020 |
------------------
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
investor@wolford.com | company.wolford.com
end of announcement euro adhoc
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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: New York, Wien, Frankfurt
language: English
Additional content: https://www.presseportal.de/pm/112754/4544310
OTS: Wolford Aktiengesellschaft
Original-Content von: Wolford Aktiengesellschaft, übermittelt durch news aktuell
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