Austrian leg wear label Wolford announce that its operating profits before interest and taxes in fiscal 2010 is more than doubled to over 4.5 million Euros after implementing cost-reduction and efficiency-enhancing measures.
Austrian leg wear label Wolford announce that its operating profits before interest and taxes in fiscal 2010 is more than doubled to over 4.5 million Euros after implementing cost-reduction and efficiency-enhancing measures. Wolford ended its fiscal year 2009/2010, started on 1 May, with a net profit of 2.5 million Euros, compared to a loss the year earlier.
"We got well ahead of the difficult situation and responded," delighted Holger Dahmen, CEO of the Austrian upmarket hosiery specialist. After a difficult start to the year, the manufacturer has rocketed.
So in the year's first half, sales fell by 11%, then they rose almost 6% in the third quarter and more than 8% in the fourth. In the end, counting all twelve months of its fiscal year, Wolford has seen its sales drop by 2.2% to 140 million Euros.
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