Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Mar 6, 2006

News Details

Corporate | 6 March 2006 07:01

Ludwig Beck AG: Ludwig Beck achieves marked sales increase in January and February 2006

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Munich, 3 March 2006: The Munich-based traditional department store Ludwig Beck (ISIN DE 0005199905) experienced an outstanding start to the new year. The company reported sales growth of 1.4% at the group level in January and February 2006 compared to the same period the previous year. Gross sales were EUR 13.1 million (previous year: EUR 12.9 million). Over a comparable period, sales increased even more significantly, namely by 5.1% compared to the previous year. “The year 2005 also closed out with a sales increase that exceeded all expectations. The trend of the first two months of 2006 now becomes a clear sign to us that this positive business development will continue in the current financial year as well” states Dieter Münch, financial director of Ludwig Beck, with a smile. “Again this year, our parent company on Marienplatz has more than lived up to its role as the traditional leading force of the Ludwig Beck Group. We managed to record a sales increase of 7.8 % compared to the previous year“, Dieter Münch continued. The fashion store thus successfully breaks away once again from the general trend within the German textile and clothing market industry, which is still on the negative side according to TextilWirtschaft. The board of directors of Ludwig Beck looks toward the future with optimism. By consistently forging on with the proven trading-up strategy in the parent company coupled with the sustained optimism of the branch office business, this textile group most definitely anticipates that the recent upward trend will continue for the current financial year. A complete summary of the figures for financial year 2005 will be announced on 14 March 2006 at the Group’s balance sheet press conference in Munich. Investor Relations contact: Buchanan Capital Group Metis-Corinna Tarta +49 81 51 95966-25 m.tarta@buchanan-ag.com Ludwig Beck Accounts contact: Ludwig Beck am Rathauseck Martin Gehrke +49 89 23691-788 martin.gehrke@LudwigBeck.de (c)DGAP 06.03.2006 ————————————————————————— language: English emitter: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG Marienplatz 11 80327 München Deutschland phone: +49 (0)892 36 91-0 fax: +49 (0)892 36 91-6 00 email: info@ludwigbeck.de WWW: www.ludwigbeck.de ISIN: DE0005199905 WKN: 519990 indexes: stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service —————————————————————————