Wolford : Annual Financial Report 2021 PDF

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Annual Financial Statements 2021

Key Figures

GROUP

INCOME STATEMENT			2021		2020*	2019/20**	2018/19**	2017/18**
			108.95
Sales	in EUR million			68.04		118.54		137.22		149.07
EBIT	in EUR million		-5.26		19.94		-28.68		-8.98		-9.22
Earnings before tax	in EUR million		-9.42		17.33		-35.02		-10.11		-11.43
Earnings after tax	in EUR million		-12.33		12.77	-27.42		-11.10		-11.54
Free cash flow	in EUR million		-0.22		53.25		4.27	-10.88		1.83
Employees (average)	number		1,091		1,169		1,243		1,347	1,433
KEY BALANCE SHEET FIGURES			12/31/2021		12/31/2020		04/30/2020		04/30/2019		04/30/2018
Equity capital	in EUR million		15.24		28.54		15.02		42.72		33.90
Net debt	in EUR million		0.29		positive		33.16		19.62		30.09
Working capital	in EUR million		32.13		31.37	38.05		31.07	34.59
Balance sheet total	in EUR million		134.65		138.90		161.69		117.99		114.33
Equity capital ratio	in %		11.3		20.5		9.3		36.2		29.7
Gearing	in %		10.17		-		>100		45.9		88.8
STOCK MARKET INDICATORS			2021		2020*	2019/20**	2018/19**	2017/18**
Earnings per share	in EUR		-1.86		1.93		-4.14		-1.76		-2.35
Dividend per share	in EUR		0.00		0.00		0.00		0.00		0.00
Equity per share	in EUR		0.00		4.30		2.26		6.44		6.90
Annual high	in EUR		10.30		8.80		11.40		17.70		19.75
Annual low	in EUR		6.55		4.82		3.20		10.60		11.36
Year-end price	in EUR		7.20		7.45		6.00		11.40		13.60
Number of shares	in thousand		6,631		6,631		6,631		6,320		4,912
(weighted average)
Number of shares traded	in EUR million	47.74	49.40		39.79		75.59		68.00
(daily average)

• May to December
• May to April

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The

CONTENTS

WOLFORD GROUP
Group Management
Report	006
Group Information		008
Business Climate		012
Earnings and Balance Sheet Analysis	014
Development of the Business Areas		020
Outlook and Targets		022
Events After the Balance Sheet Date	024
Opportunity and Risk Management		025
Research and Development (R&D)		031
Human Resources		033
Further Details		035
Consolidated Accounts
036
Consolidated Statement		038
of Comprehensive Income
Group Cash Flow		039
Consolidated Balance Sheet		040
Consolidated Statement		041
of Changes in Equity
Segment Reporting		042
Consolidated Non-current		044
Asset Schedule
Notes		048
Declaration by the		092
Management Board of ­Wolford AG
Auditor's Report		093

WOLFORD AG
Annual Accounts
100
Balance Sheet	102
Profit and Loss Statement	104
Notes on the 2021 Financial Year	106
Asset Analysis	120

Management Report
	122
Course of Business, Operating Result	124
and Company's Position
Financial Review	126
Outlook and Targets	129
Development of the Business Areas	131
Opportunity and Risk Management	132
Research and Development (R&D)	138
Environment	140
Human Resources	141
Further Disclosures	143
Declaration by the	144
Management Board of ­Wolford AG
Auditor's report	145

Further Information
151
Contact & Imprint	151

WOLFORD

Wolford,­ founded in 1950

in Bregenz,­ Austria, is the

­market leader in skinwear. In the ­decades of our existence, we have produced numer-

ous product­ innovations, many of which are still bestsellers ­today. We are represented by 229 monobrand­ and more than 2,500 retail partners worldwide in around 45 countries. Our company has been listed on the Vienna Stock Exchange since 1995.

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