Actually, the Austrian clothing provider Wolford AG wanted to present its final results for the 2024 financial year on Wednesday. But nothing came of it.
The publication of the certified annual financial statements and the certified group of consolidations will be “postponed by a few days”, the company said late Wednesday afternoon. It is now expected that the corresponding financial reports will “be completed and published in the next few days”. Reasons for the delay were not mentioned in the narrow message.
Wolford had to accept a decline in sales by 30 percent in 2024
As early as February, the clothing provider had admitted that he had to accept a decline in sales by 30 percent to 88 million euros last year. In 2024, “was shaped by challenges and upheavals, especially macroeconomic uncertainties and logistical disorders,” said Wolford at the time. The change to a new logistics partner led to “delays in product deliveries”.
For the Wolford mother Group, Lanvin Group in 2024 was a difficult financial year: The Chinese group of companies announced on Wednesday that its loss was significantly higher than in the previous year.