공시 • May 20
Wolford Aktiengesellschaft has filed a Follow-on Equity Offering in the amount of €40.970174 million. Wolford Aktiengesellschaft has filed a Follow-on Equity Offering in the amount of €40.970174 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,535,453
Price\Range: €4.8
Transaction Features: Rights Offering 공시 • Jan 16
Wolford AG Announces Resignation of Regis Rimbert from Management Board, Effective January 17, 2025 Regis Rimbert is resigning from the Management Board of Wolford AG effective as of 17 January 2025. The Supervisory Board of Wolford AG has accepted Mr. Rimbert’s request for resignation submitted on January 14, 2025. The Management Board of Wolford AG will continue to consist of the Management Board members Ralf Polito and Domenico Giordano and the current Global CFO, Andrea Rossi, has been appointed by the Management Board as Interim General Manager. 공시 • Nov 21
Wolford Aktiengesellschaft, Annual General Meeting, Dec 17, 2024 Wolford Aktiengesellschaft, Annual General Meeting, Dec 17, 2024. Reported Earnings • Sep 25
First half 2024 earnings released: €2.61 loss per share (vs €1.67 loss in 1H 2023) First half 2024 results: €2.61 loss per share (further deteriorated from €1.67 loss in 1H 2023). Revenue: €43.1m (down 27% from 1H 2023). Net loss: €25.0m (loss widened 55% from 1H 2023). Reported Earnings • Jul 31
Full year 2023 earnings released: €3.34 loss per share (vs €5.26 loss in FY 2022) Full year 2023 results: €3.34 loss per share (improved from €5.26 loss in FY 2022). Revenue: €135.5m (up 7.9% from FY 2022). Net loss: €30.8m (loss narrowed 12% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. 공시 • Jul 27
Wolford AG Announces Appointment of Domenico Giordano as Member of the Management Board, Effective from August 1, 2024 The current Global Director HR of Wolford AG, Domenico Giordano, was appointed by the Supervisory Board of Wolford AG at its meeting on July 26, 2024, as a member of the Management Board for one year with effect from August 1, 2024. Domenico Giordano has more than 20 years of international experience in the luxury and fashion industry. New Risk • Apr 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Negative equity (-€17m). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€38.8m market cap, or US$42.2m). 공시 • Oct 18
Wolford Aktiengesellschaft Provides Earnings Guidance for the Year 2024 Wolford Aktiengesellschaft provided earnings guidance for the year 2024. The Executive Board of Wolford AG anticipates, despite worsening of the worldwide macroeconomic situation, a positive EBITDA in the single-digit million range for the ongoing fiscal year, with a positive EBIT expected for fiscal year 2024, as a result of the ongoing efforts to adjust cost and grow sales. Reported Earnings • Sep 25
First half 2023 earnings released: €1.67 loss per share (vs €2.91 loss in 1H 2022) First half 2023 results: €1.67 loss per share (improved from €2.91 loss in 1H 2022). Revenue: €58.8m (up 8.4% from 1H 2022). Net loss: €16.1m (loss narrowed 17% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. New Risk • Sep 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€16m free cash flow). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Negative equity (-€17m). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (€44.0m market cap, or US$46.8m). New Risk • Aug 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risks Negative equity (-€19m). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (€45.0m market cap, or US$48.8m). Reported Earnings • Apr 30
Full year 2022 earnings released: €5.26 loss per share (vs €1.86 loss in FY 2021) Full year 2022 results: €5.26 loss per share (further deteriorated from €1.86 loss in FY 2021). Revenue: €129.4m (up 19% from FY 2021). Net loss: €34.9m (loss widened 183% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 공시 • Feb 10
Wolford Aktiengesellschaft announced that it has received €17.60709 million in funding from Fosun Industrial Holdings Limited, The Bartel 2006 Trust and other investors On February 8, 2023, Wolford Aktiengesellschaft closed the transaction. The company amended the terms of the transaction. The company issued 2,934,515 shares at a price of €6 per share for gross proceeds of €17.60709. The transaction included participation from returning investors, Fosun Industrial Holdings Limited with 66.9% stake, The Bartel 2006 Trust with 32.7% stake and other authorized purchasers. 공시 • Dec 14
Wolford Aktiengesellschaft, Annual General Meeting, Jun 15, 2023 Wolford Aktiengesellschaft, Annual General Meeting, Jun 15, 2023, at 09:00 Central European Standard Time. Reported Earnings • Jun 22
Full year 2021 earnings released: €1.86 loss per share (vs €2.89 profit in FY 2020) Full year 2021 results: €1.86 loss per share (down from €2.89 profit in FY 2020). Revenue: €121.5m (up 19% from FY 2020). Net loss: €12.3m (down 164% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €5.35, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 16x in the Luxury industry in Germany. Total loss to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 16% share price gain to €7.60, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 24x in the Luxury industry in Germany. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 20% share price gain to €10.60, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 30x in the Luxury industry in Europe. Total loss to shareholders of 19% over the past three years. Is New 90 Day High Low • Mar 01
New 90-day high: €8.80 The company is up 43% from its price of €6.15 on 01 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 21% share price gain to €8.80, the stock is trading at a trailing P/E ratio of 8.7x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 131x in the Luxury industry in Germany. Total return to shareholders over the past three years is a loss of 34%. Reported Earnings • Dec 25
First half 2021 earnings released: EPS €3.44 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €48.2m (down 20% from 1H 2020). Net income: €22.8m (up €34.7m from 1H 2020). Profit margin: 47% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 24
New 90-day high: €7.55 The company is up 55% from its price of €4.88 on 25 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day high: €5.60 The company is up 13% from its price of €4.96 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 04
New 90-day high: €5.55 The company is up 2.0% from its price of €5.45 on 06 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 13% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: €4.78 The company is down 15% from its price of €5.60 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period.