For the first three quarters of 07/08, Wolford increased its sales growth with 15.9% to EUR 125 million. Compared to lasts year, the revenue went up with EUR 107.8 million, whereas EBITDA (operation profit before depreciation, amortisation and impairment), EBIT (operating profit) and the profit from continuing operations before taxes rose more than sales.

Holger Dahmen, CEO of Wolford AG commented: “Double digit revenue growth in most key markets an din all strategic distribution channels an major product segments as well as the sustainable rise in earnings are convincing proof of the strong market position we have gained in recent years despite a very competitive business environment”.

The Australian luxury brand’s earnings performance increased more than the sales trend. In the first 9 months of fiscal 07/08, EBITDA rose by 35.2% to EUR 15.8 million, compared to EUR 11.7 million over 06/07. EBIT jumped by 53.4%, to EUR 10.7 million, which was 7 million the year before. The EBITDA margin went up with 1.8 percentage points to 8.6%. In the first 3Q of 07/08, profit from continuing operations before taxes amounted to EUR 9.2 million, an increase of 59.2%. Over the third quarter, EBIT of Wolford climbed with 64% to EUR 5.6 million, which equals with a third quarter EBIT margin of 11.6%.

The boutiques by Wolford remain its key growth drivers. Its property stores – boutiques, concession stores and factory outlets – achieved a 20.5% expansion of sales. The prime movers of revenue remained Wolford-owned boutiques, whose sales increased by 21.2%, as well as partner-operated boutiques, with which Wolford saw sales growth of 18.4%. On the whole, Wolford boutiques registered sales growth of 20.3% in the nine-month period compared to the first three quarters of the preceding year.

Wolford Group features 88 owned boutiques and 138 partner-operated boutiques at the end of January 2008.

Image: Wolford

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