Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Jan 23, 2006

News Details

Ad-hoc | 23 January 2006 10:57

Ludwig Beck AG: Significantly increased revenues and earnings in 2005

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Preliminary figures for the 2005 financial year Munich, 23 January 2006 – The LUDWIG BECK Group significantly improved revenues and earnings in the 2005 financial year and thereby exceeded its own expectations considerably. According to preliminary figures, the Munich-based fashion group expanded its net revenues by 1.2 percent to EUR 87.7 million (previous year: EUR 86.7 million). Revenues on a like-for-like basis even rose by 3.1 percent compared to the previous year. Thanks to this revenue dynamics, LUDWIG BECK again showed more pronounced growth than the overall sector. According to the journal TextilWirtschaft, the sector again suffered a revenue decline of some 2% in 2005. Operating profit (EBIT) increased significantly to EUR 5.7 million (previous year: EUR 3.3 million), representing a heavy profit jump of 75 %. The EBIT margin amounts to 6.5 percent (previous year: 3.8 %). Profit from ordinary activities also rose significantly by EUR 2.5 million to EUR 1.8 million (previous year: EUR -0.7 million). “In addition to a clear stimulation of the business, our efforts to reduce costs and enhance efficiency have had a positive influence on earnings”, stated Dieter Münch, CFO of LUDWIG BECK. The cost ratio amounts to 40.2 percent, equalling a decline of 2.4 percentage points from the previous year. The net gross margin improved by 0.3 percentage points to 46.7 percent. “2005 was a very dynamic year for us”, Münch added. “The reported earnings confirm that we are on the right path with our strategic approach and measures taken. We have strongly exceeded our targets. We are very confident for 2006, which still lies ahead, and we expect a continuation of the successful performance”. The detailed figures for the 2005 financial year will be published on 14 March 2006. Contact Investor Relations: Buchanan Capital Group Metis-Corinna Tarta +49 (81 51) 9 59 66 – 25 m.tarta@buchanan-ag.com Contact Group Accounting: Ludwig Beck am Rathauseck Martin Gehrke +49 (89) 2 36 91 – 788 martin.gehrke@LudwigBeck.de Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG Marienplatz 11 80327 München Deutschland ISIN: DE0005199905 WKN: 519990 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart End of ad hoc announcement (c)DGAP 23.01.2006