Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG — Earnings Release 2005

Dec 8, 2005

News Details

Corporate | 8 December 2005 07:00

Ludwig Beck am Rathauseck: Increase in Turnover in November

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Increase in Turnover in November – Good Start of Christmas Trade Munich, December 8th 2005 – In November 2005 LUDWIG BECK (ISIN DE0005199905) increased cross turnover of last year by 1.1 % to 9.8 (9.7) million EUR. On a like-for-like-basis growth in turnover in November amounts to 3.5 %. Thus sales developed – as also during the last months – at the upper end of our expectations. According to TextilWirtschaft the textile retail branch shows an increase in turnover of 1.0 % in the month of November. This means that in this month again LUDWIG BECK continued to realize a development in turnover above that of the textile sector. Within the period January 1st to November 30th 2005 turnover at LUDWIG BECK increased by 1.0 % to 88.3 (87.4) million EUR. Adjusted to sales area this means an increase of 2.9 %. For this space of time the textile sector suffered a decrease of 1.0 %. We succeeded in having an excellent start with our Christmas trade. Turnover develops better than last year. Due to the fact that turnover lies beyond our expectations we raise the expected EBIT to 5.3 – 5.5 million EUR (previously 5.2 – 5.4 million EUR). In 2004 we achieved an EBIT amounting to 3.3 million EUR. LUDWIG BECK is looking forward to 2006. We anticipate further increase in turnover on a like-for-like basis as well as a repeated profit improvement. Contact: Barbara Gruber (Presse) Tel. (089) 23691-669, Fax (089) 23691-606 Jens Schott (Investor Relations) Tel. (089) 23691-798, Fax (089) 23691-600 End of announcement (c)DGAP 08.12.2005 —————————————————————————— WKN: 519990; ISIN: DE0005199905; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart