Wolford AG announces revenue growth for the fiscal year 2023

On February 20, 2024, Wolford AG released its preliminary results for the fiscal year 2023, revealing an increase in revenue to 126.9 million euros. This 1% growth compared to the previous fiscal year demonstrates moderate company growth. The Asia-Pacific (APAC) region recorded an impressive 32% growth, while North America saw a 2% increase at constant exchange rates in 2023. However, adjusted to current exchange rates, North America shows a slight decrease, while the EMEA region experienced a slight decline, attributed to macroeconomic headwinds.

This progress is notably due to a 12% increase in wholesale revenue, following the alignment of products by the artistic director Nao Takekoshi and the acquisition of new wholesale clients. These unaudited results reflect the company's strategic efforts to strengthen its market presence and increase its revenue share.