Wolford AG announced the earnings results for the first quarter 2018. For the period, the company generated revenue of €25.01 million comprising a decline of 14% compared to €29.09 million in the previous year. The drop in revenue equaled 12.2% when adjusted for changes in currency exchange rates (especially the decrease in value of the Swiss franc and the US dollar). LBIT in the first three months of the current 2018/19 financial year amounted to €7.00 million, compared to €7.22 million in the prior-year period. Loss after tax amounted to €7.56 million, down from €6.91 million in the first quarter of 2017/18.

The management expects positive operating earnings (EBIT) in the year 2018, especially due to the positive impact of its restructuring program.