• croatiantimes.com
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

Today

• Vienna - VESCC English Catholic Mass
• Vienna - Unknown Underground
• Vienna - Art by Petronilla Hohenwarter.
• STOMP at the MuseumsQuartier
• Ice skating at Rathaus

© europics.at

19. 03. 10. - 15:00

• more Business news
• RSS Feed Business

19. 03. 10. - 15:00

Wolford's earnings up in first three quarters

Vorarlberg textile firm Wolford reported today (Fri) that its earnings before interest and taxes (Ebit) had increased in the first three quarters of its 2009/2010 business year.

It said its Ebit had increased from increased from 4.69 million to 6.23 million Euros between 1 May 2009 and 31 January 2010.

Earnings per share during that period had gone up from 0.24 cents to 0.77 cents, whereas turnover had fallen by 4.9 per cent year on year to 112.64 million Euros.

Board chairman Holger Dahmen said demand had been picking up since the second quarter of the current business year and he expected positive results for the entire year.

He added that Wolford’s results had shown that the measures it had taken to cut costs and concentrate on its core business and markets had worked.

Dahmen said the firm’s revenue had increased in almost all markets it was present in, especially in Spain, where it had increased by 17.8 per cent. Revenue had decreased only in France and the Netherlands, he added.

He also noted that the firm had decreased its debt by 30 per cent year on year to 24.7 million Euros at the end of January and increased its cash flow from 14.5 to 16.5 million Euros.

Dahmen said last September that Wolford was preparing for "post-crisis growth," adding that the firm would continue to become more efficient, to improve its distribution network, to open new boutiques and to concentrate on its core business.

Wolford had losses of 1.2 million Euros in its 2008/2009 business year.

Austrian Times

Related articles: business boom

1. Austria registers decrease of business bankruptcies

   » Travel 2012-02-08

   The number of Austrian business bankruptcies is in decline despite increasingly difficult economic circumstances in Europe.

2. Austria registers decrease of business bankruptcies

   » Business 2012-02-08

   The number of Austrian business bankruptcies is in decline despite increasingly difficult economic circumstances in Europe.

3. Satek snatches Zielpunkt

   » Business 2012-02-08

   A German businessman has taken over Zielpunkt.

more related articles tagged "business boom"

Set up tax on financial transactions soon, says Katzian
The head of the Association of Private Employees (GPA-djp) has called for a quick introduction of a tax on financial transactions.

Pühringer rejects U-turn on rightist ball
Young Social Democrats (SPÖ) have appealed to Upper Austrian Governor Josef Pühringer not to attend the Burschenbundball in Linz this Saturday.

FPÖ under fire after trip to Grozny
The Freedom Party (FPÖ) has been harshly criticised for meeting with Chechen President Ramzan Kadyrov.

WKO boss wants pension age hike incentives
Federal Economy Chamber (WKO) President Christoph Leitl has identified attempts to raise the average retirement age as the key issue regarding Austria’s budget.

Woman and child run over in Vienna
A woman and child have died in a road accident in Vienna, Austria. The lorry driver was making a right turn when he drove into a group of pedestrians leaving a 59-year-old and a 12-year-old dead. The mother of the school girl was left with serious injuries.

Schlecker says Austrian jobs are safe
The son of Schlecker founder Anton Schlecker has claimed that the company has no plans to sell its Austrian affiliate.

SPÖ sees smaller parliament as key signal
The general secretary of the Social Democrats (SPÖ) has argued his support for a reduction of the size of the parliament.

Austrian food to feature in organic trade fair
Austria is expected to be well represented at next week’s BioFach 2012 international organic trade fair in Nuremberg, Germany. Some 90 companies and organisations from the Austrian organic good sector will feature at the fair from 15 to 18 February.

Brothel for the homeless in Vienna
Homeless people are queueing up for free rooms in an Austrian brothel after owner Peter Laskaris said it would be unfair not to do everything he could during the current cold spell.

Deep-freeze snacks for orangutans in Schönbrunn
The lucky orangutans who take up residence in Europe’s oldest zoo have been indulging in a twice weekly take-away. Despite the trees in Schönbrunn Zoo in Vienna, Austria now being completely bare the fury friends have fresh branches and leaves delivered twice a week.