Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Annual Report • Mar 20, 2003

News Details

Ad-hoc | 20 March 2003 16:42

Ludwig Beck am Rathauseck english

Annual Accounts 2002 of Ludwig Beck AG approved Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Annual Accounts 2002 of Ludwig Beck AG approved Munich, 20 March 2003. The annual accounts of LUDWIG BECK AG, Munich (WKN 519 990) were approved in the course of the Supervisory Board meeting held on 20 March 2003. The company’s pre-interest, pre-tax result (EBIT) for the fiscal year 2002 was EUR 0.3 million (as opposed to the previous year’s figure of EUR 5.4 million) and that of the LUDWIG BECK Group as a whole came to EUR 2.5 million (previous year: EUR 5.2 million). The decline in earnings means that for the fiscal year 2002 there was no net profit and there will be no dividend payout (previous year: EUR 0.87 p.share). The capital to assets ratio remains at a high level, and stands at 38% in the Group as a whole (previous year: 41.6%). In the interests of increasing the company’s profitability the Supervisory Board meeting also approved a package of measures proposed by the Management Board, aimed at achieving a sustained profit growth level of EUR 2 million per year. The result and details of the annual accounts for fiscal year 2002 will be explained and published at the press briefing on annual results on 8 April 2003 in Munich. Contact: Lothar Fiss (Press and Investor Relations) Tel. +49(0)89 23691-663, Fax +49(0)89 23691-600 end of ad-hoc-announcement (c)DGAP 20.03.2003 ——————————————————————————– WKN: 519990; ISIN: DE0005199905; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart 201642 Mär 03