Wolford : Annual Report 2022

Annual

REPORT

2022

Overview of Key Figures

(5 YEARS)

KEY EARNINGS FIGURES		2022	2021		2020*	2019/20**	2018/19**
Sales	in EUR million	125.51	108.95		68.04		118.54		137.22
EBIT	in EUR million	-28.64	-5.26		19.94		-28.68		-8.98
Loss before tax	in EUR million	-34.88	-9.41		17.33		-35.02		-10.11
Loss after tax	in EUR million	-34.87	-12.33		12.77	-27.42		-11.10
Free cash flow	in EUR million	-8.87	-0.22		53.52		4.27	-10.88
Employees (average)	Number	1,096	1,081		1,169		1,243		1,347
KEY BALANCE SHEET FIGURES		12/31/2022	12/31/2021		12/31/2020		04/30/2020		04/30/2019
Equity	in EUR million	-19.05	15.24		28.54		15.02		42.72
Net debt	in EUR million	31.06	0.29		positive		33.16		19.62
Working capital	in EUR million	21.02	32.13		31.37	38.05		31.07
Balance sheet total	in EUR million	128.52	134.65		138.90		161.69		117.99
Equity ratio	in %	-14.83	11.3		20.5		9.3		36.2
Gearing	in %	100.0	10.17		-	>100		45.9
KEY SHARE FIGURES		2022	2021		2020*	2019/20**	2018/19**
Earnings per share	in EUR	-5.26	-1.86		1.93		-4.14		-1.76
Dividend per share	in EUR	0.00	0.00		0.00		0.00		0.00
Equity per share	in EUR	0.00	0.00		4.30		2.26		6.44
Annual high	in EUR	7.60	10.30		8.80		11.40		17.70
Annual low	in EUR	5.15	6.55		4.82		3.20		10.60
Share price at end of period	in EUR	5.70	7.20		7.45		6.00		11.40
Number of shares	in thousands	6,631	6,631		6,631		6,631		6,320
(weighted average)	Shares
Market capitalization at end	in EUR million	37.80	47.74		49.40		39.79		75.59
of period

• May to December
• May to April

002

The

CONTENTS

Company
	006
Letter From the Management Board				008
The Wolford Share				012
Corporate Governance Report				014
Supervisory Board Report				023
Group Management Report
	026
About the Group				028
Financial Review				032
Development of the Business Areas				038
Outlook and Targets				039
Opportunity and Risk Management				042
Research and Development (R&D)				049
Human Resources				051
More Details				056
Consolidated Accounts
058
Consolidated Statement of Comprehensive Loss				060
Group Cash Flow				061
Consolidated Balance Sheet				062
Consolidated Statement of Changes in Equity				063
Segment Reporting				064
Consolidated Non-current Asset Schedule				066
Notes to the Consolidated Financial Statements				070
Declaration by the Management Board of Wolford AG				124
Auditor's Report				125
Information
		132
The Wolford Group at a Glance				134
Glossary				140
Financial Calendar				144
Contact & Imprint				145

WOLFORD

founded in 1950 in Bregenz, Austria, is a market leader in the area of skinwear. In the decades of our existence, we have produced countless product innovations, many of which are still bestsellers today.

With 215 monobrand points of sale and more than 1,900 retail partners, we have a global presence in around

55 countries.Our company has been listed on the Vienna Stock Exchange since 1995.