Corporate News

  • LUDWIG BECK - First quarter 2021 with significant sales and earnings losses due to COVID-19 lockdown
    Munich, April 22, 2021 - The Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2021 with a significant decline in sales of 56.8% compared to the same period of the previous year as a result of the officially ordered lockdown until March 7, 2021, and the subsequent "Click & Meet" due to the COVID-19 pandemic.
  • LUDWIG BECK closes fiscal year 2020 with significant sales losses due to the impact of the COVID-19 pandemic
    Munich, March 24, 2021 - Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) suffered a drastic decline in sales in the fiscal year 2020 due to the COVID-19 pandemic lockdown in spring 2020, the “lockdown light” in November 2020 and the renewed lockdown in mid-December 2020, which significantly affected the 4th quarter and the Christmas business, the most important quarter for the retail trade.
  • LUDWIG BECK - Sales and earnings development after the first nine months of the fiscal year in line with the "Corona forecast”
    Munich, October 22, 2020 - As planned, the Munich fashion group LUDWIG BECK (ISIN DE 0005199905) had to accept a significant loss in sales in the first nine months due to the COVID-19 pandemic, the resulting lockdown, and the subsequent restrained consumer mood.
  • LUDWIG BECK - Press release on the Annual General Meeting 2020
    Munich, July 28, 2020 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on July 28, 2020, though this year for the first time in virtual form due to the coronavirus pandemic. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a dedicated online portal. 2.8 million votes representing 75% of the share capital were represented. All items on the agenda received very high approval.
  • Due to the corona pandemic and the officially ordered lockdown, LUDWIG BECK had to accept significant sales losses in the first half of 2020
    München, July 23, 2020 – The coronavirus pandemic and the nationwide ordered lockdowns in the first half of the year cost stationary fashion retailers more than a third of their sales compared to the same period last year. According to a survey by the TW Testclub, stationary fashion retailing closed the first half of 2020 with a decline of 35 percent on average. Ninety percent of the participating retailers reported sales declined by 20 percent and more. The coronavirus pandemic has made an additional serious blow to the highly competitive textile retail trade, which had already been struggling with a general decline in customer frequency, unfavourable weather, and a weakening buying mood in recent years