Corporate News

Munich, April 17, 2025 – The Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) reported a year-on-year sales decline of around 2.4% in the first quarter of 2025, while the industry as a whole saw a drop of 5.0% over the same period, according to the trade journal "TextilWirtschaft".

Munich, March 27, 2025 – Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) once again faced numerous challenges in 2024. The financial year was characterised by extreme weather, strikes, and domestic and foreign political uncertainties, which had a strong impact on brick-and-mortar retail. The war in Ukraine and its economic impact on companies and consumers dampened consumer spending in all segments. Despite the lively atmosphere in the country, the European Football Championship did not provide the hoped-for economic impetus. The fourth quarter, which traditionally generates the highest sales, and Christmas business in particular, were also disappointing, not least due to the massive impact of Black Friday, which originated from the online sector.

Munich, October 17, 2024 – Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) picked up speed again in the third quarter of 2024, improving its sales from a flat position in June to a slight increase by September 2024.

Munich, July 18, 2024 – The German textile retail sector closed the first half of 2024 with a gross sales par unchanged from the previous year. The first quarter was very positive: plenty of sunshine and spring-like temperatures in March increased consumers' shopping propensity, which resulted in a 4 per cent increase in sales for stationary fashion retailers compared to the previous year. However, a different picture emerged in the second quarter. Due to the cool, unstable, and rainy weather, consumers' buying mood and willingness to spend fell significantly. Customers were particularly reluctant to buy seasonal goods such as T-shirts, shorts, and summer dresses, and the expected demand for summer clothing largely failed to materialize.

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.