Corporate News

  • Notice for the Annual General Meeting 2022
    Munich, May 31, 2022 - LUDWIG BECK AG (ISIN DE0005199905) held its Annual General Meeting on May 31, 2022, but once again in virtual form due to the COVID-19 pandemic. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a provided online portal. Almost 3.2 million votes, or 85,7% of the share capital, were represented. All items on the agenda received very high levels of approval.
  • LUDWIG BECK – Sales in the first quarter are well above the previous year but not yet at the pre-pandemic level
    Munich, April 21, 2022 – The Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2022 with a significant plus compared to the same period of the previous year. The reason for this is the restricted business activities at the beginning of 2021 as a result of the officially ordered lockdown until March 7, 2021, and the subsequent "Click & Meet" due to the COVID-19 pandemic.
  • LUDWIG BECK closes fiscal year 2021 with a profit due to special effects
    Munich, March 31, 2022 – Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905). continued to face the COVID-19 pandemic in the fiscal year 2021 and its drastic effects on the economy and consumer behaviour. With 56 sales lockdown days, the number increased significantly compared to the previous year with just under 40 days. This again had a significant impact on the group's assets and its financial and earnings position.
  • LUDWIG BECK - Sales and earnings development in the first nine months of 2021 have clearly been marked by the effects of the COVID-19 pandemic
    Munich, October 21, 2021 - Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) had to accept a significant loss in sales in the first nine months due to severe restrictions in connection with the COVID-19 pandemic.
  • In the first half of 2021, LUDWIG BECK suffered significant sales losses again due to the COVID-19 pandemic and officially imposed restrictions
    Munich, July 22, 2021 – After the “pandemic-year” 2020 also the first half of 2021 was heavily impacted by the COVID-19 pandemic again. Coupled with the nationwide lockdowns imposed, bricks-and-mortar fashion retailers had to contend with losses of more than half of their sales versus a "normal year". Losses of almost 60% were recorded compared to 2019. According to a survey by TW Testclub, brick-and-mortar fashion retailers ended the first half of 2021 down an average of 40% on the 2020 fiscal year. The coronavirus pandemic has represented an additional severe blow to the highly competitive textile retail sector, which has already been struggling in recent years with declining customer frequencies, unfavourable weather conditions, and a weakening shopping mood.

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