Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Oct 25, 2007

News Details

Corporate | 25 October 2007 07:00

LUDWIG BECK completes extensive renovation project and looks back on nine successful months in 2007

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Interim Report/Quarter Results

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Munich, October 25, 2007 – The Munich fashion house LUDWIG BECK (ISIN DE
0005199905) continued the dynamic business development of the previous year
in the first nine months of the fiscal year 2007. Turnover and earnings
could be increased in comparison to the same period in the previous year.
This is especially noteworthy in view of the fact that the flagship store
at Marienplatz underwent the most extended renovation in years.
Transparent, spacious and cosmopolitan – these are the new characteristics
of the ’Store of the Senses’ with its refurbished façade, the redesigned
entrance area flooded with light, the airy architectural conception and
numerous new brand world in many of the newly styled departments.

Development of sales

In the first three quarters of 2007 the gross turnover of the LUDWIG BECK
Group climbed by 2.4 % to € 69.5m (previous year: € 67.8m). Gross turnover
on comparable areas rose even more distinctly by 3.6 %. LUDWIG BECK was
again able to contrast favorably against the general trend in the textile
retail trade which scored a 2 % sales growth according to
’TextilWirtschaft’.

The Group’s net sales remained on last year’s level and amounted to € 58.4m
(previous year: € 58.5m) even though the ‘Store of the Senses’ being the
traditional flagship store of the LUDWIG BECK AG underwent extensive
renovation.

Earnings situation

As a consequence of the neutral net turnover development and equal cost of
materials net profits at group level remained on last year’s level and
amounted to a total of € 27.3m (previous year: € 27.3m) in the first nine
months of 2007. The cost management was further optimized. The expense
ratio (expenses in comparison to corresponding proceeds) dropped by 0.4
percentage points to 43.5 % (previous year: 43.9 %).

This led to an improved operative result (EBIT), which rose by a total of
14.4 % climbing from € 1.7m in the same period in the previous year to €
1.9m in the year 2007. In comparison to the previous year, the EBIT margin
rose by 0.4 percentage points, from 2.8 % to 3.2 %.

The results from ordinary activities (EBT) improved by € 0.5m (+ 49.0 %)
and amounted to € -0.6m after nine months (previous year € -1.1m). The
positive tax development in the wake of the corporate tax reform further
contributed thereto and the LUDWIG BECK Group could increase its surplus in
the stated period after minorities by a total of € 1.2m to € 0.2m (previous
year: € -1.0m).

Outlook

With great anticipation LUDWIG BECK is looking forward to a traditionally
profitable fourth quarter.

Under the motto 'In new splendor – The new Beck' the ’Store of the Senses’
presents itself as a strong and even more attractive magnet at Munich’s
famous Marienplatz. Even more so because the house’s annual Christmas fair
which is popular beyond the borders of Munich will attract even larger
numbers of customers and generate just the right mood for Christmas
shopping.

For the year 2008 LUDWIG BECK is planning to expand its sales areas by a
total of 800 square meters to create completely new sales potentials. The
5th floor currently used as storage space will be converted into a modern
sales area and the stockroom will be transferred to the basement.

Thanks to the extremely favorable business development the projected growth
of the annual surplus after minorities from € 1.5m to € 2.5m can be
confirmed. The tax-relevant special income in the amount of € 0.8m has been
considered.

The detailed Nine-months report is being published simultaneously and can
be found on the Internet under www.ludwigbeck.de/financial publications.
The printed version will be available as of November 2, 2007.

in € m
01.01.-30.09.2007 (01.01.-30.09.2006)

Gross sales (including VAT) 69.5 (67.8)

Net profits 1) 27.3 (27.3)

Earnings before interest,
taxes, depreciation and amortization (EBITDA) 4.5 (4.3)

Operative result EBIT 1.9 (1.7)

Profit in stated period (previous year: deficit) 0.5 (-0.5)

Result per share (in €) 2) 0.06 (-0.28)

Investments 4.4 (2.1)

Employees (at relevant date, September 30) 3) 541 (548)
Apprentices (number) 46 (50)

1) Net proceeds from turnover minus costs of material used 2) Reference
figure in 2006 and 2007 3.36m shares 3) without apprentices

Investor Relations contact:
esVedra consulting GmbH
Metis-Corinna Tarta
t +49. 89. 28 80 81 33
f +49. 89. 28 80 81 49
metis.tarta@esvedra-consulting.com

Controlling contact:
Ludwig Beck am Rathauseck
Jens Schott
t: +49 89 2 36 91 – 798
jens.schott@LudwigBeck.de

25.10.2007 Financial News transmitted by DGAP

Language: English
Issuer: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Deutschland
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-6 00
E-mail: info@ludwigbeck.de
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

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