LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG withdraws sales and earnings forecast for the financial year 2020

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LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG
- ISIN DE000519990 –

LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG withdraws sales and earnings forecast for the financial year 2020

Munich, November 4, 2020 – Against the background of the effects of the

LUDWIG BECK - Sales and earnings development after the first nine months of the fiscal year in line with the "Corona forecast”
Munich, October 22, 2020 - As planned, the Munich fashion group LUDWIG BECK (ISIN DE 0005199905) had to accept a significant loss in sales in the first nine months due to the COVID-19 pandemic, the resulting lockdown, and the subsequent restrained consumer mood.
LUDWIG BECK - Press release on the Annual General Meeting 2020
Munich, July 28, 2020 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on July 28, 2020, though this year for the first time in virtual form due to the coronavirus pandemic. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a dedicated online portal. 2.8 million votes representing 75% of the share capital were represented. All items on the agenda received very high approval.
Due to the corona pandemic and the officially ordered lockdown, LUDWIG BECK had to accept significant sales losses in the first half of 2020
München, July 23, 2020 – The coronavirus pandemic and the nationwide ordered lockdowns in the first half of the year cost stationary fashion retailers more than a third of their sales compared to the same period last year. According to a survey by the TW Testclub, stationary fashion retailing closed the first half of 2020 with a decline of 35 percent on average. Ninety percent of the participating retailers reported sales declined by 20 percent and more. The coronavirus pandemic has made an additional serious blow to the highly competitive textile retail trade, which had already been struggling with a general decline in customer frequency, unfavourable weather, and a weakening buying mood in recent years
LUDWIG BECK publishes sales and earnings forecasts for the fiscal year 2020

AD-HOC RELEASE

LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG

- ISIN DE000519990 -

LUDWIG BECK publishes sales and earnings forecasts for the fiscal year 2020

Munich, June 15, 2020 – The Executive Board of LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG publishes sales and earnings forecasts for the

LUDWIG BECK – Significant decline in sales and earnings in the first quarter of 2020 due to COVID-19 shutdown
Munich, April 23, 2020 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2020 with a significant sales decline of 22.6% due to the officially ordered closing of the shops on March 18, 2020, as a result of the development of the COVID-19 pandemic.
LUDWIG BECK postpones Annual Shareholders’ Meeting 2020
München, April 16, 2020 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) has decided not to hold the company’s Annual Shareholders’ Meeting as scheduled on May 18, 2020, but to postpone it to a later date in 2020.
LUDWIG BECK closes a challenging 2019 financial year with sales at the previous year's level
Munich, March 26, 2020 – In the 2019 financial year, Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) generated sales at the previous year's level with its remaining business divisions. After the sale of the WORMLAND group division, LUDWIG BECK focused on the core business in the parent company at Marienplatz in Munich.
LUDWIG BECK’s gross sales in line with expectations
Munich, January 08, 2020 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) generated net sales from continued operations of € 94.9m in 2019 – 0.6% below previous year’s level of € 95.5m.

QIII 2020

The Consolidated Interim Release closing on September 30, 2020 contains information covering the first nine months of the fiscal year 2020.

Link to release (PDF)
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