Earnings Release • Jan 8, 2015
Earnings Release
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Corporate | 8 January 2015 08:00
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK increases gross sales – online business continues to grow
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Development of Sales/Development of Sales
08.01.2015 / 08:00
Corporate News
LUDWIG BECK increases gross sales – online business continues to grow
Munich, January 8, 2015 – According to preliminary figures, gross sales of Munich fashion group LUDWIG BECK (ISIN DE 0005199905) rose by EUR 0.6m to EUR 102.7m (previous year EUR 102.1m) in the 2014 fiscal year. That is a 0.5% gain in sales compared to the previous year. Textile retail had to accept a sales decrease of 3% for the past fiscal year (source: TextilWirtschaft). Holiday sales figures in December had a conciliatory effect for LUDWIG BECK. While, according to TextilWirtschaft, the textile retail sector recorded a 4% loss in sales for December, LUDWIG BECK was able to significantly increase sales and gained 8.2%.
The online business at www.ludwigbeck.de proved to be a growth engine in 2014. It fulfilled management’s expectations and generated a significant rise in sales. The brick-and-mortar business moved laterally.
“2014 brought enormous challenges for the textile retail sector. In the face of these extremely negative conditions, we count ourselves happy with the sales performance at LUDWIG BECK,” says Dieter Münch, LUDWIG BECK AG Executive Board member.
Detailed figures for 2014 and expectations for the new 2015 fiscal year will be presented at the corporate balance sheet conference in Munich on March 30, 2015. For more information about the corporation and its stock visit the company website at http://kaufhaus.ludwigbeck.de .
Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
t: +49 89 206021-210
f: +49 89 206021-610
Group accounting contact:
LUDWIG BECK AG
Jens Schott
t: +49 89 23691 – 798
f: +49 89 23691 – 600
08.01.2015 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG |
| Marienplatz 11 | |
| 80331 München | |
| Germany | |
| 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 |
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| 310861 08.01.2015 |
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