Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Mar 12, 2007

News Details

Ad-hoc | 12 March 2007 13:08

LUDWIG BECK presents its group accounts for the financial year 2006 (in accordance with IFRS/IAS) and announces a doubling of dividend payout

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Final Results/Final Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Munich, 12 March, 2007 – The LUDWIG BECK Group (ISIN DE 0005199905)
significantly increased its profits and successfully concluded the
financial year 2006.

Development of sales

Gross sales amounted to € 101.3m (previous year € 101.7m). Like-for-like
sales increased by 1.8 %. According to ‘TextilWirtschaft’, the textile
retail industry showed a sales plus of 1 % in 2006. Thus the Munich fashion
company once again exceeded the industry trend.

Earnings situation

Net profits at group level also showed a positive development in the
financial year ended and increased by 0.9 % from € 41.0m to € 41.3m. The
net profit margin consequently totalled 47.3 %, an improvement of 0.6
percentage points over the previous year (46.7 %).

Earnings before interest, taxes, depreciation and amortisation (EBITDA)
increased to a total of € 10.2m (previous year: € 9.6m). The EBITDA margin
in relation to net sales came to 11.7 % in the financial year ended
(previous year: 11.0 %).

Operating earnings (EBIT) also posted a disproportionate increase,
totalling € 6.8m compared with € 5.9m in the previous year. This represents
an increase of 15.6 %.

The result from ordinary activities jumped to € 3.1m in the financial year
ended (previous year: € 1.8m) and thus increased by 68.2 %.

LUDWIG BECK finished the financial year 2006 with an overall net income for
the year, before minority interests, of € 1.9m (previous year: € 1.2m).
This represents an improvement of the net income for the year before
minority interests in the amount of € 0.7m. After allowing for minority
interests, the result could be doubled in 2006, totalling € 1.4m (previous
year: € 0.7m).

Earnings per share in the financial year 2006 increased to € 0.42, € 0.22
higher than the previous year’s earnings per share (€ 0.20).

Dividend payout

The persistently positive course of business in 2006 prompted the Executive
Board and Supervisory Board to propose to the General Meeting of
Shareholders on May 25, 2007 to double the dividend payout to € 0.20. This
is a signal that the fashion company has finally established itself on the
path to success, and is also a clear expression of thanks to the company’s
shareholders for their trust.

Outlook

The beginning of the year was better than expected despite of the VAT
increase. In the first two months, sales at group level grew by 2.9 %
compared with the previous year. Gross sales thus amounted to € 13.4m
(previous year: € 13.1m). Like-for-like sales increased even more strongly,
by 4.0 % compared with the previous year.

LUDWIG BECK is assuming that the like-for-like sales will increase in 2007
and 2008 by 3.0 % - 3.5 % each. The result after minority interests should
be increased from € 1.4m in 2006 to € 1.5m in 2007. In 2008 the company
expects a result after minority interests of even more than € 2.0m.

Key group ratios as of December 31, 2006 (previous year)

Gross sales: € 101.3m (€ 101.7m)
Net profits: € 41.3m (€ 41.0m)
Earnings before taxes,
depreciation and amortisation (EBITDA): € 10.2m (€ 9.6m)
Earnings before interest and taxes (EBIT): € 6.8m (€ 5.9m)
Consolidated net income after minority interests: € 1.4m (€ 0.7m)
Dividend per share: € 0.20 (€ 0.10)
Investments: € 2.7m (€ 1.8m)
Employees (number): 543 (540)

Investor Relations contact:
esVedra consulting GmbH
Metis-Corinna Tarta
t: +49 89 21 11 28 – 21
f: +49 89 21 11 28 – 28
info@esvedra-consulting.com

Controlling contact:
Ludwig Beck am Rathauseck
Jens Schott
t: +49 89 23691 – 798
jens.schott@ludwigbeck.de

DGAP 12.03.2007

Language: English
Issuer: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80327 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

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