LUDWIG BECK adjusts sales and earnings forecast for 2018

AD HOC Release

LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG - Securities Identification Number 519 990 -

LUDWIG BECK adjusts sales and earnings forecast for 2018

Munich, December 10, 2018 – LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG today decided to adjust its annual forecast for 2018. Major reasons

LUDWIG BECK Group challenged by climatic extremes in the first nine months of 2018
Munich, October 24, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) recorded a 5.7% decline in sales in the first nine months of the current fiscal year. After a long and hard winter that had affected the spring business, general consumer reticence made itself felt in the further course of the year as well. In the 2018 fairytale summer many consumers preferred outdoor leisure activities over shopping experiences. The month of September also stood out with midsummer temperatures.
LUDWIG BECK‘s result in the first six months falls within the forecast range
Munich, July 25, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the first half of the year 2018 with a decline in sales reflecting the current sector development. Cold weather at the beginning of spring and midsummer temperatures in April were the main factors putting pressure on sales volumes nationwide. In addition, the stationary fashion trade lost further market shares to online stores. However, through moderate price reductions and an efficient cost structure, the result could nevertheless be maintained at a high level.
Press release on the Annual General Meeting 2018 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
Munich, May 15, 2018 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 15, 2018, attended by almost 500 shareholders, shareholders’ representatives and guests. Short of 80% of the share capital equaling 2.9m votes were represented. All agenda items were approved by overwhelming majority votes.
LUDWIG BECK – The first quarter of 2018 went satisfactorily with the development of earnings settling in the neutral range
Munich, April 25, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) recorded a 5.5% decrease in sales in the first quarter of 2018. Despite this loss in sales, the Group was able to maintain its earnings on account of efficient cost management. The Group operated in a sector environment dominated by a particularly long and harsh winter extending into February and March, and therefore, the sale of spring fashion was massively delayed.
LUDWIG BECK raises consolidated net profit by 13% in 2017
Munich, March 20, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) had to measure up to the enormous pressures placed on traders and markets alike by the ongoing reforming processes marking the European fashion trade also in the 2017 fiscal year. Nevertheless, LUDWIG BECK managed to conclude the fiscal year 2017 with a significant increase in profits, and to maintain sales at a high level.
LUDWIG BECK’s gross sales meet expectations
Munich, January 8, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) completed the fiscal year 2017 with preliminary gross sales at Group level amounting to € 173.2m (previous year: € 177.1m).
Subscribe to