Corporate News

  • LUDWIG BECK Group expresses satisfaction with the result of the first half of 2017
    Munich, July 25, 2017 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the first half of 2017 with a decline in sales, yet was able to maintain its result at last year’s level thanks to a further optimization of its cost structure. The German fashion trade was faced with a 3% decrease in sales in the first half of the year (TextilWirtschaft).
  • Press release on the Annual General Meeting 2017 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
    Munich, May 23, 2017 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 23, 2017, attended by almost 450 shareholders, shareholders‘ representatives and guests. Short of 80% of the share capital equaling more than 2.9 million votes were represented. Overwhelming majority votes approved all agenda items.
  • LUDWIG BECK’s consolidated result at last year’s level in the first quarter of 2017 thanks to efficient cost management
    Munich, April 25, 2017 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the first quarter of 2017 with a 1.9% sales decline and a result at last year’s level. The fashion trade in general completed the first quarter with an accumulated loss in sales of 2.3% according to TextilWirtschaft. In challenging times for the entire German textile retail the Group deems the previous development as generally satisfactory. LUDWIG BECK has also been able to demonstrate again the Group’s strength regarding cost efficiency.
  • LUDWIG BECK Group concludes fiscal year 2016 with a satisfactory result
    Munich, March 28, 2017 – In the fiscal year 2016, the Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) had to face some challenges, but was able to master them by the end of the year with a satisfactory result in overall terms. Once again, anticyclical weather patterns proved to have a major impeding impact. However, appropriate seasonal weather for the Christmas business provided a boost in sales. The WORMLAND segment, newly acquired in 2015, concluded its first full fiscal year under the umbrella of the LUDWIG BECK Group and developed in line with expectations during that period. With the launch of the new WORMLAND flagship store in Nuremberg in October 2016 a promising milestone in the history of this long-established company has been set.
  • LUDWIG BECK Group concludes 2016 fiscal year on a satisfactory note
    Munich, January 9, 2017 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) has concluded the 2016 fiscal year with an increase in sales over the previous year. The Group generated gross sales in the aggregate amount of € 177.1m, thus clearly exceeding the sales targets adjusted to € 174m last October. Seasonally appropriate weather conditions provided the basis for the success achieved in the traditionally strong-selling fourth quarter.

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