Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Mar 14, 2008

News Details

Ad-hoc | 14 March 2008 12:13

LUDWIG BECK presents its group accounts for the 2007 fiscal year (in accordance with IFRS/IAS) and announces a 50 % dividend increase / Further growth in earnings expected for 2008

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Final Results/Dividend

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Munich, March 14, 2008 – The LUDWIG BECK Group (ISIN DE 0005199905)
concluded the 2007 fiscal year with a revenues plus and increased earnings
before taxes (EBT) by 25.6 %.

Development of sales

Gross sales went up by € 2.2m to € 103.5m compared with the previous year
(€ 101.3m), equaling a 2.1 % increase. Like-for-like sales even rose by 3.2
%. The Munich fashion company contrasted favorably with the general branch
trend once again. According to ’TextilWirtschaft’ the textile retail
industry showed a sales plus of only 1 % in the year 2007.

Earnings situation

Earnings before interest, taxes, depreciation and amortization (EBITDA)
increased to € 11.0m (previous year: € 10.2m). The EBITDA margin in
relation to net sales came to 12.6 % in the lapsed fiscal year (previous
year: 11.7 %).

Operative earnings (EBIT) climbed to € 7.2m compared with € 6.8m in the
year 2006. The EBIT margin was 8.2 % compared with 7.7 % in the previous
year.

Earnings before taxes (EBT) could again be improved in the fiscal year 2007
and amounted to € 3.8m (previous year: € 3.1m). This is equal to an
increase by 25.6 %.

The consolidated net income before minority interests amounted to € 3.3m
equaling a 71.5 % increase compared with the previous year (€ 1.9m).
Earnings after minority interests rose by 85.1 % and amounted to € 2.6m
(previous year: € 1.4m).

Earnings per share in the fiscal year 2007 amounted to € 0.76 with regard
to the average of outstanding shares, which is a € 0.34 improvement of the
earnings per share compared with the previous year (€ 0.42).

Dividend payout

In the lapsed fiscal year 2007, the LUDWIG BECK Group again produced highly
profitable results and - in accordance with its shareholder-friendly
dividend policy - is planning to have shareholders participate in the
previous year’s results. Therefore, the Executive Board and Supervisory
Board will propose to the general meeting on May 9, 2008 to increase the
dividend per share by 50 %, i.e. from € 0.20 to € 0.30 per share.

Outlook

Since the wide-ranging refurbishment of the flagship store at Marienplatz,
the store has displayed itself in a more transparent, more generous and
more integrated style and with many new international, exclusive brands. So
the eye-catcher at Marienplatz was able to attract many new customers in
the first two months of the year 2008, what made for a 1.4 % sales plus on
group level, as revenue went up to € 13.6m compared with the previous year
(€ 13.4m). Like-for-like sales even increased more strongly by 4.2 %
compared with the previous year.

LUDWIG BECK is expecting positive impulses for a growth in revenues from
the newly created sales floor of approximately 800m2 on the 5th floor of
the department store at Marienplatz.

It goes without saying that the fashion house will continue to pursue its
tried and tested, successful 'trading up' strategy, concentrating on the
upgrading of the flagship store at Munich’s Marienplatz. Accordingly, the
range of products will be supplemented by exclusive brands and sales floors
will be modernized on an ongoing basis.

The Executive Board of LUDWIG BECK is expecting a further sales growth and
an increase in earnings (EBIT) of approximately 10 % for the fiscal year
2008.

Key group ratios as of December 31, 2007 (previous year)

Gross sales: € 103.5m (€ 101.3m)
Earnings before interest, taxes, depreciation and amortization (EBITDA): €
11.0m (€ 10.2m)
Earnings before interest and taxes (EBIT): € 7.2m (€ 6.8m)
Earnings before taxes (EBT): € 3.8m (€ 3.1m)
Consolidated net income after minority interests: € 2.6m (€ 1.4m)
Dividend per share: € 0.30 (€ 0.20)
Investments: € 5.8m (€ 2.5m)
Employees (number): 544 (543)

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. 23691 – 798
jens.schott@ludwigbeck.de

14.03.2008 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: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

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