May 23, 2022
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Wolford postpones release of annual results for second time

May 23, 2022

High-end intimates specialist Wolford has postponed the release of its annual results for the second time in a month. The company has now said it will release its audited annual financial statements for 2021 “no later than June 17 2022”. 

Amina Muaddi x Wolford

The Annual General Meeting for the 2021 financial year has also been postponed and “a new date will be announced as soon as possible”. 

All we know so far is that “a positive EBITDA is expected for the 2021 financial year. [But] the previously communicated outlook of a positive EBIT cannot be sustained”.

Towards the end of last month, the company had delayed the results release for the first time. Back then, it said: “The auditor has informed that the planned date cannot be met due to not receiving audit documents in time. The audit procedures will be finalised as soon as possible. The audited annual financial statements… are to be published no later than May 25.”

The last set of results released by the company came in September and covered the first half of the financial year. It managed turnover of €41.9 million for the reporting period January to June, up 10% on the previous year. It remained loss-making but its losses narrowed.

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