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.
LUDWIG BECK Group: Adverse weather conditions caused sales so far to fall below expectations in the first nine months
Munich, October 25, 2016 – The Munich fashion Group LUDWIG BECK (ISIN DE 0005199905) recorded a clear sales growth in the first nine months of the fiscal year 2016, yet could not evade the negative conditions impacting on the German fashion trade as a whole. Consequently, the development of sales did not meet expectations.
LUDWIG BECK Group generates significant increase in sales in the first half of 2016
Munich, July 26, 2016 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) recorded a substantial growth in sales in the first half of 2016, attributable to the WORMLAND segment newly acquired in May 2015. The German fashion trade concluded the first six months of the year under report with a cumulative 1% decline in sales.
Press release on the Annual General Meeting 2016 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
Munich, May 10, 2016 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 10, 2016, attended by approximately 600 shareholders, shareholders‘ representatives and guests. Almost 80% of the share capital equaling more than 2.9 million votes were represented. All agenda items were approved by overwhelming majority votes.
LUDWIG BECK Group closes first quarter of 2016 with a growth in sales and gross profit – Integration of WORMLAND is progressing well
Munich, April 26, 2016 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) has closed the first quarter of 2016 at a satisfactory level overall. At group level, the company was able to register a distinct increase in sales in comparison to the previous year, which was due to the acquisition of the new WORMLAND segment in the second quarter of 2015. LUDWIG BECK succeeded in holding up like-for-like sales in spite of challenging conditions. The German fashion trade concluded the first quarter of the current fiscal year with an accumulated deficit of 2%.
LUDWIG BECK Group ends fiscal year 2015 with growth in sales and earnings and expands its stationary business throughout Germany
Munich, March 22, 2016 – With its takeover of men’s fashion retailer WORMLAND, Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) has set the course for considerable growth in its stationary offering in the fiscal year 2015. The flagship store at Munich’s Marienplatz and the company´s online division remain on a stable course.
LUDWIG BECK Group completes the year 2015 with sales growth
Munich, January 8, 2016 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) was able to significantly increase sales at group level to € 158.6m (previous year: € 102.7m) in the past fiscal year. The strong rise was due to the acquisition of WORMLAND back in May 2015. The new segment accounted for € 54.7m in sales on a pro-rata basis.
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