Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Apr 26, 2007

News Details

Corporate | 26 April 2007 07:00

LUDWIG BECK better than the business sector in general – turnover on comparable areas increased by 6.2 % in the first three months of 2007

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Quarter Results

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Munich, April 26, 2007 – In the fiscal year 2007, LUDWIG BECK could
continue the positive development trend. The new fiscal year was off to an
excellent start. The aggregate turnover of the LUDWIG BECK Group amounted
to € 23.0m in the first three months of 2007 (previous year: € 21.9m)
equaling an increase of 5.1 %. The Group’s gross turnover on comparable
areas even rose more significantly (6.2 %) and showed a better development
than the business sector in general, which scored 3 % growth according to
'TextilWirtschaft'. Overall net proceeds went up by 2.4 %.

In the first quarter of the fiscal year 2007 net profits at group level
came to € 8.9m thus exceeding the results of the previous year (€ 8.6m) by
2.8 %. The net profit margin rose to 45.8 % (previous year: 45.6 %).

Continued optimized cost management helped to further reduce the expense
ratio (expenses in comparison to corresponding proceeds) by 0.9 % points.
With 44.7 % it fell clearly below last year’s value (45.6 %).

Hence, the EBIT margin rose by 1.1 % points. Therefore the EBIT showed a
positive development with € 0.2m (previous year: € 0.0m).

Prospects
Even though, at the beginning of 2007, consumers responded in a restrained
manner to the increased value added tax, the anticipated price shock failed
to appear. On the contrary: at the end of the first quarter of 2007 the
propensity to consume resumed growth after a period of weakness thus
clearly marking a trend reversal according to the Association for
Consumption Research (GfK). 'The first three months of the current fiscal
year went very well for LUDWIG BECK', Dieter Münch, Financial Director at
LUDWIG BECK, said contently. 'The planned restructuring of the entire
façade, the arcade and the first floor of our flagship store at Marienplatz
and, last not least, the great commitment of our employees will help us to
continue with verve on our path to success', Dieter Münch continued.

With its consequently implemented 'trading-up' strategy including efficient
area and cost management, the extension of important departments,
attractive company events and a continued and uncompromising upgrading of
the product ranges, the fashion house will remain the shopping paradise in
the center of Munich also in 2007 and will drive the whole group to further
earnings growth.

The complete Quarterly Report can be found on our Homepage
www.ludwigbeck.de. The printed version will be available as of May 4, 2007.

Key group ratios in €m Jan 1-Mar 31, 2007 Jan 1-Mar 31, 2006

Gross sales (including VAT) 23.0 (21.9)
Net profits 8.9 (8.6)
Earnings before interest, taxes, depreciation
and amortization (EBITDA) 1.1 (0.9)
Earnings before interest and taxes (EBIT) 0.2 (0.0)
Investments 0.5 (0.4)
Employees (number) 516 (521)

Contact:
esVedra consulting GmbH
Metis-Corinna Tarta
Promenadeplatz 12
80333 München
t: +49 89 21 11 28 21
f: +49 89 21 11 28 28
info@esvedra-consulting.com

DGAP 26.04.2007

Language: English
Issuer: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München Deutschland
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-6 00
E-mail: info@ludwigbeck.de
www: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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