Wolford AG Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 31, 2012; Provides Earnings Guidance for the Fiscal Year 2011-12
March 19, 2012 at 02:08 pm EDT
Wolford AG reported consolidated earnings results for the third quarter and nine months ended January 31, 2012. For the quarter, the company reported sales of EUR 47,565,000 against EUR 46,020,000 a year ago. EBITDA was EUR 8,939,000 against EUR 8,709,000 a year ago. EBIT was EUR 6,940,000 against EUR 6,690,000 a year ago. Result from continuing operations was EUR 6,594,000 against EUR 6,464,000 a year ago. Net result was EUR 6,060,000 against EUR 5,076,000 a year ago.
For the nine months, the company reported sales of EUR 121,128,000 against EUR 120,045,000 a year ago. EBITDA was EUR 15,570,000 against EUR 15,850,000 a year ago. EBIT was EUR 9,660,000 against EUR 9,895,000 a year ago. Result from continuing operations was EUR 8,352,000 against EUR 8,931,000 a year ago. Net result was EUR 7,059,000 or EUR 1.44 per diluted and undiluted share against EUR 6,986,000 or EUR 1.43 per diluted and undiluted share a year ago. Net debt was EUR 17,151,000 against EUR 12,892,000 a year ago. Net cash from operating activities was EUR 4,198,000 against EUR 12,250,000 a year ago. Capital expenditures rose significantly compared to the prior-year period, primarily as a result of investments in the further expansion of monobrand distribution and the modernization of existing machinery.
The company expects to generate a slight improvement in sales and earnings in the entire 2011/12 fiscal year.