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.
LUDWIG BECK Group records significant sales growth after the first nine months of 2015
Munich, October 20, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) generated gross sales in the amount of € 100.9m in the first nine months of the 2015 fiscal year (previous year: € 69.2m). This strong increase is primarily the result of the takeover of WORMLAND. On account of the effects of this acquisition, comparability of the key figures at group level can be applied only to a limited degree in regard to the same period of the previous year.
LUDWIG BECK closes the first half-year of 2015 very satisfactorily/Integration of WORMLAND essentially completed
Munich, July 21, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) has closed the first half-year of 2015 very satisfactorily. The dominant event in the second quarter was the acquisition of 100% of the shares in WORMLAND, a men’s fashion retailer based in Hanover. This strategically significant step has already been reflected in the financial figures of the Group, whose comparability with those of the same period last year is thus strongly reduced. The integration of WORMLAND is therefore essentially completed. Since not all information required for the conclusive recognition of the business combination in the balance sheet is currently available, a preliminary purchase price allocation has been undertaken.
Press release on the Annual General Meeting 2015 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
Munich, May 13, 2015 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 13, 2015, attended by almost 600 shareholders, shareholders‘ representatives and guests, who represented approximately 80% of the share capital and thus just under 3 million votes. All agenda items were approved by overwhelming majority votes.
LUDWIG BECK acquires the men’s fashion store chain WORMLAND
Munich, May 13, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) yesterday announced the full acquisition of the Hanover-based men’s fashion store chain WORMLAND. The fashion company, which was founded in 1935, is considered the “avant-gardist in men’s fashion“ in the German retail sector, a genuine lifestyle brand offering a unique trading concept. Germany-wide, the company is represented with 15 branches. In 2014, it produced sales in the amount of approximately € 79.6m with a total of 465 employees on a sales area of 13,600 sqm.
LUDWIG BECK concludes first quarter of 2015 at previous year’s level – trade slides noticeably into the red
Munich, April 23, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) concluded the first quarter of 2015 at the previous year’s level. While the trade scored a loss of 5% in aggregate in the period under report, LUDWIG BECK was able to demonstrate remarkable stability even though the company was still exposed to restraining influences like dwindling numbers of free-spending tourists from Eastern Europe and protracted municipal construction works at Munich’s Marienplatz.