Corporate News

  • Notice for the Annual General Meeting 2024
    Munich, May 15, 2024 - LUDWIG BECK AG (ISIN DE0005199905) held its Annual General Meeting in virtual form on May 15, 2024. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a dedicated online portal. 3.3 million votes, i.e. 90.0% of the share capital, were represented. With the exception of the discharge of the Chairman of the Executive Board, all proposed resolutions on the agenda items were approved.
  • LUDWIG BECK – In a successful start to 2024, LUDWIG BECK further increases sales and operating earnings compared to the same period of the previous year
    München, April 18, 2024 – The Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2024 with a significant increase in sales of around 6% compared to the same period of the previous year, even though the Group closed the first quarter of the previous year with a plus of almost 20% compared to the 2022 financial year.
  • LUDWIG BECK with positive sales development in the 2023 fiscal year
    Munich, March 21, 2024 – Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) experienced a mixture of ups and downs in the 2023 fiscal year. Despite the ongoing war in Ukraine and a subdued consumer sentiment forecast for the first quarter of 2023, LUDWIG BECK achieved an increase in sales of around 20% compared to the previous year, which had been affected by COVID-19 effects. The second quarter was characterized by cold and rainy weather in April and May, which somewhat dampened enthusiasm for the new spring/summer collection. Nevertheless, LUDWIG BECK managed to maintain sales at the previous year's level in the first half of the year. In the third quarter, the prolonged summer with warm temperatures negatively impacted the fashion trade. However, an increased demand for traditional costume fashion partially offset the lower demand for fall/winter merchandise. In addition to challenges from many online discount campaigns, LUDWIG BECK faced a snow chaos in Munich and a subsequent rail strike during the Christmas season.
  • LUDWIG BECK - Slight increase in sales compared to previous year in the third quarter of 2023
    Munich, October 19, 2023 – Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) was able to carry the trend of the positive first half-year into the third quarter, at least in part, even though the prolonged summer weather at the end of the first nine months of 2023 caused a slight drop in sales.
  • LUDWIG BECK keeps looking optimistically into the future after the first half-year
    Munich, July 20, 2023 - The stationary fashion trade is still struggling with the consequences of the inflation and the in part significant price increases for apparel and footwear. Although TW Testclub reported double-digit growth for the first six months of 2023, this was mainly due to the high growth rates reported in the first quarter. As expected, the industry lost momentum in the second quarter. In addition, rainy and cool months in April and May caused a slight decline, especially in the current spring/summer fashion. However, strong growth in June allowed for a conciliatory end to a mixed half-year.