08.01.2016 08:00:06
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DGAP-News: LUDWIG BECK AG
DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s):
Development of Sales/Development of Sales
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK Group
completes the year 2015 with sales growth
08.01.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Corporate News
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 EUR
158.6m (previous year: EUR 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 EUR 54.7m in sales on a pro-rata basis.
On a like-for-like basis, gross sales at group level amounted to EUR 104.0m. Thus, with like-for-like sales up 1.2%, the Munich fashion group once again stood out from the German textile retail trade, which completed the same period with a sales development at par according to TextilWirtschaft.
In a year that was not easy for the textile retail sector in general, LUDWIG BECK could not completely escape the vicissitudes of the climate. "Even though the fiscal year 2015 was strongly influenced by politico-economic uncertainty, we were once again able to convince our customers with our concept", Dieter Münch, Member of the Executive Board of LUDWIG BECK AG said. "In all likelihood, 2016 will not be an easy year for retailers, yet we are well prepared", Münch concluded.
The detailed figures as well as the expectations for the new fiscal year 2016 will be disclosed at the balance sheet press conference in Munich on March 22, 2016. For more information on all aspects of the company and its share please refer to the corporate website at http://kaufhaus.ludwigbeck.de/english/.
Investor Relations contact: esVedra consulting GmbH Metis Tarta t: +49 89 206021-210 f: +49 89 206021-610 mt@esvedragroup.com
Group accounting contact: LUDWIG BECK AG Jens Schott t: +49 89 23691-798 f: +49 89 23691-600 jens.schott@ludwigbeck.de
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08.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG Marienplatz 11 80331 München Germany Phone: +49 (0)89 2 36 91-0 Fax: +49 (0)89 2 36 91-600 E-mail: info@ludwigbeck.de Internet: www.ludwigbeck.de ISIN: DE0005199905 WKN: 519990 Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------
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