on Wolford AG (isin : AT0000834007)
Wolford AG Reports 30% Revenue Decline for Fiscal Year 2024
Wolford AG has announced a 30% decline in revenues for the fiscal year 2024, dropping from €126 million in 2023 to €88 million. The company faced significant challenges, including macroeconomic uncertainties and logistical disruptions. The EMEA region was the most affected with a 35% decrease, followed by Greater China and North America with declines of 27% and 17%, respectively.
The wholesale channel saw the greatest impact, plummeting by 44%, mainly due to transitioning to a new logistics partner, which led to delivery delays. Looking ahead, Wolford AG will mark its 75th anniversary in 2025 with a focus on brand promotion, optimizing the product assortment, and improving channel distributions. The sales figures reported are unaudited.
R. P.
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