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LUDWIG BECK AG (FRA:ECK) DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG:

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08/01/2019 08:00

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DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Preliminary Results/Monthly Figures
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG:

08.01.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


Corporate News

LUDWIG BECK's gross sales in 2018 in line with expectations

Munich, January 8, 2019 - The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the 2018 fiscal year with preliminary gross sales at Group level amounting to EUR 166.0m (previous year: EUR 173.2m). The sales target of EUR 165m, which had been adjusted in December, was thus slightly exceeded.

The LUDWIG BECK segment generated gross sales in the amount of EUR 95.5m (previous year: EUR 99.0m). The online trade via www.ludwigbeck.de continued to perform very positively and met the management's expectations. WORMLAND's contribution was EUR 70.5m (previous year: EUR 74.2m).

In a year that was by no means easy for German fashion retailers in general, LUDWIG BECK was also not able to escape the increasing influence of climatic vicissitudes. Particularly the second half of the year fell short of expectations. Furthermore, Christmas sales started late and suffered from a decline in sales.

"Even though Group sales were slightly higher than our adjusted expectations, we are not satisfied with the results", Dieter Münch, member of the Executive Board of LUDWIG BECK said. "We've been through a difficult year and are definitely expecting the current fiscal year to present us with some challenges as well".

The detailed figures as well as the expectations for the new fiscal year 2019 will be disclosed on March 28, 2019 on the occasion of the company's balance sheet press conference in Munich. Further information relating to the company and the share is available on the company website at https://kaufhaus.ludwigbeck.de/en/home.

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



08.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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 News DGAP News Service

763991  08.01.2019 

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