Corporate News

  • Press release on the Annual General Meeting 2014
    Munich, May 8, 2014 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 8, 2014, attended by more than 500 shareholders and shareholders’ representatives, who represented approximately 80% of the share capital and thus just under 3 million votes. All agenda items were approved by overwhelming majority votes.

    Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
  • LUDWIG BECK ends 1st quarter with 2.4% gain in sales
    Munich, April 23, 2014 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ends the 1st quarter of the 2014 fiscal year with an increase in sales. Consideration deserves the fact that this year´s revenue effect of Easter business will be delayed into the 2nd quarter.
  • LUDWIG BECK raises branch-adjusted sales in 2013 – first year of business successful for www.ludwigbeck.de online store
    Munich, March 19, 2014 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ends 2013 with a 0.6% gain in branch-adjusted sales. The Group was able to stay on its long lasting course of continuity, despite atypical seasonal weather creating problems for the fashion retail sector and outages in the Munich tram service.
  • LUDWIG BECK increases branch-adjusted gross sales by 0.6% - further positive development expected for 2014
    Munich, January 8, 2014 – In 2013, Munich fashion group LUDWIG BECK (ISIN DE 0005199905) generated branch-adjusted gross sales of € 102.1m (previous year: € 101.6m). This denotes a 0.6% increase in like-for-like sales at Group level. Without the adjustment, that is, taking into account the Esprit branch at the Munich Olympia Shopping Mall, which was sold in 2012, gross sales were slightly below last year’s level of € 103.2m. The online store www.ludwigbeck.de, launched in December 2012, already made a positive contribution to Group´s sales in its first year of business and fulfilled all of management’s expectations.
  • LUDWIG BECK: Weather conditions continue to affect sales development – optimistic expectations for year-end sales
    Munich, October 17, 2013 – The unusually long winter already had a detrimental effect on spring sales for Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905). Summer brought more adverse conditions: a heat wave and construction in the Tram network. Tram connections to the flagship store at Munich Marienplatz were shut down for four Saturdays – the most important sales day for LUDWIG BECK. The consequential decline in sales for the 1st nine months of 2013 was nonetheless relatively moderate, with -0.4% in like-for-like sales. The new online shop continued to perform very satisfactory. The fashion retail sector recorded a 2% drop for the same period.

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