Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Jan 4, 2006

News Details

Corporate | 4 January 2006 07:00

Ludwig Beck AG: LUDWIG BECK’s market volume further increased in 2005

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Munich, January 4, 2006: In the business year 2005, the traditional Munich department store LUDWIG BECK (ISIN DE 0005199905) exceeded its own expectations and once again increased its market volume in comparison to the previous year. Even though the difficult market situation in the retail sector has continued unchanged and the development of the textile industry has been negative, the Group’s gross sales grew by EUR 1.2 million to EUR 101.7 million (in 2004: EUR 100.5 million). The fashion company’s net sales went up by 1.2 per cent. The turnover achieved on comparable space even grew by 3.1 per cent. “We look back at a very successful year 2005”, said Dieter Münch, Head of LUDWIG BECK’ Financial Department, with delight. “Our chief house at Marienplatz being our traditional dynamo presented itself to its customers by offering a constantly improved range of products as well as unique shopping worlds. Christmas sales, major contributors to the aggregate turnover, clearly exceeded our expectations and contributed considerably to this positive development.” The Management Board is optimistic about the business year 2006. By consequently continuing its trading-up strategy, LUDWIG BECK intends to achieve further growth in Group sales in the current business year as well as rocketing results. The financial figures for the business year 2005 will be published in detail on March 15, 2006. Investor Relations contact: Buchanan Capital Group Metis-Corinna Tarta +49 (81 51) 9 59 66 – 25 m.tarta@buchanan-ag.com Group Accounting contact: Ludwig Beck am Rathauseck Jens Schott +49 (89) 2 36 91 – 798 jens.schott@LudwigBeck.de End of announcement (c)DGAP 04.01.2006 —————————————————————————— WKN: 519990; ISIN: DE0005199905; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart