Luxury lingerie and hosiery producer Wolford AG on Wednesday reported a 7.4 per cent fall in first half sales to 61.8 million euros from 66.7 million euros in the year-ago period.

The Bregenz-based group, which has undergone a restructuring programme, said six-month sales plunged 45 per cent in South-East Asia, 17 per cent in Germany, nine per cent in the UK and two per cent in the US.

It added sales in central and eastern Europe jumped 41 per cent year-on-year while sales in The Netherlands ad Austria climbed nine per cent and seven per cent, respectively.