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LUDWIG BECK AG (FRA:ECK) DGAP-Adhoc: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK adjusts sales and earnings forecast for 2018

Transparency directive : regulatory news

10/12/2018 12:02

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10/12/2018 12:02

DGAP-Ad-hoc: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Forecast/Change in Forecast
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK adjusts sales and earnings forecast for 2018

10-Dec-2018 / 12:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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 for the decision:

- After an already late start to the season for fall and winter product lines, the sales and earnings performance in October and November clearly fell short of expectations, due to uncommonly mild weather in the 4th quarter.

- The first third of December not only saw no catch-up effect in terms of demand, but instead a further decline in sales.

- As regards the rest of the year, LUDWIG BECK no longer assumes that the failed sales and earnings expectations could possibly still be compensated to a noteworthy degree.

On the basis of this assessment, the LUDWIG BECK Group adjusts its forecasts as follows:

- Gross profits are now expected to amount to approximately EUR 165m (previously: between EUR 170m and EUR 180m).

- The EBIT margin is now expected to settle around the 3% of net sales mark (previously: between 3.5% and 5%).

The LUDWIG BECK AG level forecasts are also adjusted in the course of the current reassessment:

- The Executive Board now expects gross revenue from the sale of goods to range between EUR 90m and EUR 91m (previously: between EUR 93m and EUR 97m).

- The EBIT margin is now expected to range between 4.5% and 5% of net sales (previously: between 4% and 6%).


Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
t: +49 89 206021-210
f: +49 89 206021-610
mt@esvedragroup.com

Group accounting contact:
LUDWIG BECK AG
Jens Schott
t: +49 89 23691-798
f: +49 89 23691-600
jens.schott@ludwigbeck.de


10-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Germany
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-600
E-mail: info@ludwigbeck.de
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

755809  10-Dec-2018 CET/CEST

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