Wolford (WOL) H1 2025 earnings summary

Executive summary

• The first half of 2025 was marked by ongoing transformation and recovery efforts following significant disruptions in 2024, particularly in logistics, sourcing, and distribution.

• Strategic initiatives included supply chain reconfiguration, inventory streamlining, retail network rationalization, and a focus on high-rotation core products.

• Management expects clearer financial improvements in the second half of 2025 as the impact of past disruptions fades.

Financial highlights

• Revenue declined by 23.4% year-over-year to €32.99 million for H1 2025.

• EBIT was negative at €-22.76 million, a 4.5% deterioration from H1 2024.

• Net loss increased by 34.7% to €-33.64 million; loss per share was €-3.33.

• Free cash flow dropped to €-23.72 million from €-4.13 million year-over-year.

• Cash and cash equivalents rose to €8.63 million at period end, up from €3.44 million at December 2024.

Outlook and guidance

• Management anticipates revenue growth in H2 2025 as operational disruptions subside.

• Strategic focus remains on core collections, process optimization, and cost control.

• A major marketing campaign is planned for the 75th anniversary in Q4 to drive brand equity.