Corporate News

  • Press release on the Annual General Meeting 2018 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
    Munich, May 15, 2018 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 15, 2018, attended by almost 500 shareholders, shareholders’ representatives and guests. Short of 80% of the share capital equaling 2.9m votes were represented. All agenda items were approved by overwhelming majority votes.
  • LUDWIG BECK – The first quarter of 2018 went satisfactorily with the development of earnings settling in the neutral range
    Munich, April 25, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) recorded a 5.5% decrease in sales in the first quarter of 2018. Despite this loss in sales, the Group was able to maintain its earnings on account of efficient cost management. The Group operated in a sector environment dominated by a particularly long and harsh winter extending into February and March, and therefore, the sale of spring fashion was massively delayed.
  • LUDWIG BECK raises consolidated net profit by 13% in 2017
    Munich, March 20, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) had to measure up to the enormous pressures placed on traders and markets alike by the ongoing reforming processes marking the European fashion trade also in the 2017 fiscal year. Nevertheless, LUDWIG BECK managed to conclude the fiscal year 2017 with a significant increase in profits, and to maintain sales at a high level.
  • LUDWIG BECK’s gross sales meet expectations
    Munich, January 8, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) completed the fiscal year 2017 with preliminary gross sales at Group level amounting to € 173.2m (previous year: € 177.1m).
  • LUDWIG BECK reports significant improvement in earnings after nine months
    Munich, October 24, 2017 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the first nine months of the fiscal year 2017 with sales up 0.2%, and was able to significantly improve its earnings at Group level. Above all, the favorable development in the third quarter, in line with the sector trend in the German fashion trade, contributed to this business performance. The month of September alone accounted for a 20% increase in sales of the German brick-and-mortar fashion trade (according to TW-Testclub). Even though the reference figures from the same period last year are relatively meager, there has never been a record month like this since this best-attended branch panel started its recordings in the year 2000. Despite a strong third quarter, the trade concluded the first nine months of 2017 with an accumulated loss of 1% according to TextilWirtschaft. Thus, LUDWIG BECK was able to distance itself from the negative branch trend.

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