LUDWIG BECK increases branch-adjusted gross sales by 0.6% - further positive development expected for 2014
Munich, January 8, 2014 – In 2013, Munich fashion group LUDWIG BECK (ISIN DE 0005199905) generated branch-adjusted gross sales of € 102.1m (previous year: € 101.6m). This denotes a 0.6% increase in like-for-like sales at Group level. Without the adjustment, that is, taking into account the Esprit branch at the Munich Olympia Shopping Mall, which was sold in 2012, gross sales were slightly below last year’s level of € 103.2m. The online store www.ludwigbeck.de, launched in December 2012, already made a positive contribution to Group´s sales in its first year of business and fulfilled all of management’s expectations.
LUDWIG BECK: Weather conditions continue to affect sales development – optimistic expectations for year-end sales
Munich, October 17, 2013 – The unusually long winter already had a detrimental effect on spring sales for Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905). Summer brought more adverse conditions: a heat wave and construction in the Tram network. Tram connections to the flagship store at Munich Marienplatz were shut down for four Saturdays – the most important sales day for LUDWIG BECK. The consequential decline in sales for the 1st nine months of 2013 was nonetheless relatively moderate, with -0.4% in like-for-like sales. The new online shop continued to perform very satisfactory. The fashion retail sector recorded a 2% drop for the same period.
Weather conditions dominate fashion retail performance of the previous months - LUDWIG BECK earnings within expectations
Munich, July 18, 2013 – Adverse weather conditions over long stretches of the 1st half of the fiscal year 2013 only had a minor effect on the financial key figures of Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905). The online shop launched at the turn of the year gains further momentum.
Press release on the Annual General Meeting 2013 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
Munich, Mai 8, 2013 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 8, 2013, attended by nearly 550 shareholders and shareholders’ representatives, who represented approximately 80% of the share capital and thus nearly 3 million votes. All agenda items were approved by overwhelming majority votes.
LUDWIG BECK performs satisfactorily in 1st quarter – new online shop gains strong momentum
Munich, April 18, 2013 – Given the adverse weather conditions, the Executive Board of LUDWIG BECK AG (ISIN DE 0005199905) finds the company’s performance in the first quarter to be very satisfactory. The new online shop for beauty products (www.ludwigbeck.de) was just launched at the end of 2012 and is already on the road to success.
LUDWIG BECK increases sales and profit in 2012 - Dividend raised
Munich, March 14, 2013 – The Munich fashion group LUDWIG BECK (ISIN: 519 990) concluded the fiscal year 2012 with branch-adjusted sales up 2.6% and gross sales at € 103.2m. Following three consecutive record-breaking years, earnings before taxes (EBT) could again be improved by 7.0% and came to € 12.1m. Having anticipated a branch-adjusted sales increase of 2% – 3%, and EBT between € 10m - € 12m, the Executive Board saw its expectations fully met.
LUDWIG BECK increases sales of current branches by 2.9% - EBT expected to reach upper end of forecast (€ 10-12m)
Munich, January 7, 2013 – Compared to 2011, Munich fashion group LUDWIG BECK (ISIN DE 0005199905) increased gross sales of its flagship store at Marienplatz (including FÜNF HÖFE) by 2.9% to € 101.5m (2011: € 98.6m). This increase meets the board’s expectations. It thus achieved the branch-adjusted 2% to 3% gain in sales it was aiming for.
LUDWIG BECK celebrates entry into online business, an important step towards the development of new future potentials
Munich, December 12, 2012 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) can look back at a successful year 2012. Once again, the company was able to impressively outperform the sector trend of the strenuously striving German textile retail trade as per the 3rd quarter of 2012. In the last years, it has been a defining characteristic of LUDWIG BECK to concentrate all efforts on its flagship store at Marienplatz in Munich, which has always been a sure candidate for flourishing sales. Since December 4, 2012, the group has also been present in the online segment. From now on customers will find an exclusive and comprehensive range of premium products around the topics of beauty and cosmetics at www.ludwigbeck.de.
LUDWIG BECK exceeds industry barometer again with stable growth – branch-adjusted sales rise 3.6%, EBT gains remarkable 24%
Munich, October 18, 2012 – Despite unstable economic conditions, Munich Fashion Group LUDWIG BECK AG (WKN: 519 990) continues on its road to success and once again ends the 3rd quarter 2012 with improved figures.
LUDWIG BECK accelerates on road to success – branch-adjusted sales up almost 4%, EBT grows more than 80%
Munich, July 19, 2012 – After a good start into the current year, Munich fashion group LUDWIG BECK (WKN: 519 990) successfully expanded its market position as one of Munich’s leading department stores in the 1st half of 2012. Again, sales rose far above the overall industry trends and clearly exceeded last year’s earnings.
Subscribe to