Corporate News

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.

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.

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.

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.

Munich, May 9, 2023 - LUDWIG BECK AG (ISIN DE0005199905) held its Annual General Meeting in virtual form on May 9, 2023. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a provided online portal. 3.2 million votes, or 87.5% of the share capital, were represented. All items on the agenda received very high levels of approval.
The Executive Board once again looked back on the year 2022. At the beginning of the year, consumer sentiment was far from normal because of the high levels of COVID-19 infections and the onset of the war in Ukraine. Over the summer months, however, a positive trend could be observed, before consumer sentiment deteriorated again in the last quarter.
LUDWIG BECK generated gross sales of € 83.8m at group level (previous year: € 66.0m).