Earnings Release • Jan 10, 2011
Earnings Release
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Corporate | 10 January 2011 08:00
LUDWIG BECK sees new jump in sales in 2010 – EBT-result of over EUR 9.0m confirmed
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Development of Sales
10.01.2011 / 08:00
Corporate News
LUDWIG BECK sees new jump in sales in 2010 – EBT-result of over EUR 9.0m confirmed
Munich, January 10, 2011 – The Munich fashion house LUDWIG BECK (ISIN DE 0005199905) concluded the fiscal year 2010 with a clear increase in sales, as the preliminary figures indicate. Branch-adjusted gross sales could be enhanced by 5.3 % and went up to EUR 107.2m (previous year: EUR 101.8m). Branch-unadjusted gross sales also rose 3.3 % to EUR 107.2m (previous year: EUR 103.7m) despite the further stream-lining of the branch network in 2010.
In addition to the highly satisfactory sales performance in the course of the year, the company also benefitted from the year-end spurt. Even though extreme weather conditions brought lots of snow and ice, LUDWIG BECK recorded an adjusted increase in Christmas sales of 2.5 %.
As a result of this favorable development trend the management confirmed its upgraded December 2010 earnings forecast and is still expecting earnings before taxes (EBT) to clearly exceed EUR 9.0m.
'2010 was a peak year for our company, and there are already signs that we might outperform the result of the record year 2009 by more than 40 %', Dieter Münch, Finance Director at LUDWIG BECK AG explained. 'At this point I would like to express my thanks, also in the name of LUDWIG BECK AG, to my resigned fellow board member Oliver Haller for his excellent cooperation. I wish him the very best for his future. Together with my new colleague Christian Greiner, who was appointed to the Executive Board of LUDWIG BECK AG as of January 2011, we will do our very best to replicate the success of the previous year also in 2011', Münch concluded.
Detailed financial figures for the fiscal year 2010 will be published on March 14, 2011.
Investor Relations contact:
esVedra consulting GmbH
Metis Tarta-Steck
t: +49 89 28 80 81 – 33
f: +49 89 28 80 81 – 49
Group accounting contact:
LUDWIG BECK am Rathauseck
Jens Schott
t:+49 89 2 36 91 – 798
End of Corporate News
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| Language: | English |
| Company: | 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 91-600 |
| E-mail: | [email protected] |
| Internet: | www.ludwigbeck.de |
| ISIN: | DE0005199905 |
| WKN: | 519990 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 108395 10.01.2011 |
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