Wolford Doubles Profit

CompaniesRetail & Consumer ♦ Published: July 22, 2011; 09:57 ♦ (Vindobona)

The Austrian luxury clothing company achieved considerable growth in revenue and earnings in financial year 2010/11.

Wolford Doubles Profit / Picture: © Wolford AG

Wolford on Friday reported strong results for the last financial year. Revenue of the international fashion company increased by 5.6% to € 152m (2009/10: € 144m). Annual net profit almost doubled and amounted to € 5.05m (after € 2.56m). The management expects a further improvement in results for the current financial year 2011/12.

Sales figures increased in all important…