Corporate News

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).

Munich, April 20, 2023 – The Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2023 with a significant increase in sales of around 20% compared to the same period of the previous year. The first quarter of the last year was still clearly driven by the high level of COVID-19 infections. The start of the war in Ukraine at the beginning of February 2022 also unsettled consumers.

Munich, March 29, 2023 – Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) started the fiscal year 2022 without a lockdown, but consumer sentiment was far from normal at the beginning of the year. The onset of the war in Ukraine in February and resulting price increases, especially in the energy sector, uncertainties on the stock markets, rising key interest rates, and a rising inflation rate harmed consumer sentiment and thus initially on the sales at LUDWIG BECK.

Munich, October 20, 2022 - Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) saw sales and earnings normalise in the third quarter despite a subdued start to the fiscal year 2022.