Luxury lingerie brand Wolford has postponed the release of its annual results for the second time in just one month. The company now plans to unveil its audited annual financial statements for the year 2021 no later than June 17, 2022. Alongside this, the Annual General Meeting for the 2021 financial year has also been delayed, with a new date yet to be determined.
While specific details about the company’s financial performance haven’t been provided, Wolford did mention that a positive EBITDA is expected for the 2021 financial year. However, it also stated that the previously communicated outlook of a positive EBIT cannot be sustained.
The initial postponement of the results release occurred at the end of last month, with the delay in receiving audit documents cited as the reason. The company reassured investors that the audit procedures would be completed as soon as possible and that the audited annual financial statements would be published no later than May 25.
Wolford’s last set of results, released in September, covered the first half of the financial year. During this period, the company achieved a turnover of €41.9 million, showing a 10% increase compared to the previous year. While still operating at a loss, the brand managed to narrow its losses.
The reasons behind the latest delay in releasing the annual results are unknown. However, the company’s management will be working diligently to finalize the audit and provide investors and stakeholders with the necessary financial information. The new release date of June 17 aims to bring clarity and provide a comprehensive overview of Wolford’s performance in the year 2021.
Links:
– [Link 1](https://www.examplelink1.com): Provides additional information about Wolford’s financial situation and updates on their delayed annual results.
– [Link 2](https://www.examplelink2.com): Explores the luxury lingerie market and discusses the challenges faced by brands like Wolford in today’s competitive landscape.
