PARIS–Wolford AG, the Austrian maker of high-end hosiery, lingerie and swimwear, reported full-year losses and declining sales and forecast difficult markets throughout the current fiscal year.
But the company, hit by the ongoing economic downturn, cast a more optimistic outlook for next year. It anticipates moderate growth in the 2010-11 fiscal year.
“We can assume that the crisis is only of a temporary nature,” chief executive Holger Dahmen said Friday in a statement.
For the year ended Apr. 30, 2009, Wolford reported a net loss of 1.2 million euros, or $1.68 billion, compared with a net profit of 7.17 million euros, or $10.25 billion, a year earlier. Sales declined 6.5 percent to 147.3 million euros, or $206.2 million, from 157.6 million euros, or $225.3 million, a year earlier.
Dollar figures have been converted at average exchange for the periods to which they refer.
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