Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Earnings Release • Feb 2, 2017

News Details

Ad-hoc | 2 February 2017 13:45

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK surpasses 2016 earnings forecast

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Results
Forecast/Results Forecast

02-Feb-2017 / 13:45 CET/CEST
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The issuer is solely responsible for the content of this announcement.

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AD HOC NOTIFICATION

LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
- Security Identification Number 519 990 -

LUDWIG BECK surpasses 2016 earnings forecast

Munich, February 2, 2017 - Based on provisional figures of December 31,
2016, LUDWIG BECK AG is expecting a better result for the full year of
2016, despite the forecast published on October 1, 2016.

For weather-related reasons the consumer reticence observed in the third
quarter of 2016 diminished in the fourth quarter and Christmas sales also
surpassed expectations.

Based on the 2016 annual forecast of October 1, 2016 the company has so far
assumed that group-level earnings before interest and tax (EBIT) would
amount to between EUR 4 and 5 million. Based on the provisional figures of
December 31, 2016, the management board now assumes that the group-level
EBIT will be more than EUR 6 million. On the AG level as well, LUDWIG BECK
surpasses the earnings forecast of October 1, 2016 based on the provisional
figures. The management board is now anticipating an EBIT of considerably
more than EUR 5 million, based on the provisional figures on the level of
the AG.

Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
t: +49 89 206021-210
f: +49 89 206021-610
mt@esvedragroup.com

Group accounting contact:
LUDWIG BECK AG
Jens Schott
t: +49 89 23691-798
f: +49 89 23691-600
jens.schott@ludwigbeck.de

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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: info@ludwigbeck.de
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange

 End of Announcement    DGAP News Service