Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK Group closes first quarter of 2016 with a growth in sales and gross profit – Correction – Integration of WORMLAND is progressing well
DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Quarterly / Interim Statement/Quarter Results Corporate News LUDWIG BECK Group closes first quarter of 2016 with a growth in sales and gross profit – Integration of WORMLAND is progressing well Munich, April 26, 2016 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) has closed the first quarter of 2016 at a satisfactory level overall. At group level, the company was able to register a distinct increase in sales in comparison to the previous year, which was due to the acquisition of the new WORMLAND segment in the second quarter of 2015. LUDWIG BECK succeeded in holding up like-for-like sales in spite of challenging conditions. The German fashion trade concluded the first quarter of the current fiscal year with an accumulated deficit of 2%. Development of sales Earnings situation Personnel expenses increased to EUR 7.7m in comparison to the previous year (previous year: EUR 4.4m). Non-recurring effects of personnel restructuring measures in the amount of EUR 0.7m were of consequence in this regard. Other expenses amounted to EUR 9.2m (previous year: Earnings before interest and taxes (EBIT) amounted to EUR -2.4m (previous year: EUR 0.0m), earnings before taxes (EBT) to EUR -2.7m (previous year: EUR -0.2m). Earnings after taxes were at EUR -2.5m (previous year: EUR -0.1m). Outlook The Group still stays with its sales target for 2016, which is to generate trade sales in the amount of EUR 180m to EUR 190m and earnings before interest and taxes (EBIT) of EUR 8m to EUR 9m. The comprehensive quarterly report for the first three months of the 2016 fiscal year is published online at http://kaufhaus.ludwigbeck.de/english/ under Investor Relations, in the Financial Publications section under the heading Interim Reports. Key figures of the Group
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About LUDWIG BECK LUDWIG BECK is located in the heart of Munich, directly at Marienplatz. On seven floors the Munich fashion company showcases international fashion, leather goods and accessories, exclusive cosmetics and with over 120,000 titles Europe’s largest onsite collection of classical, jazz and world music and audiobooks. Since the end of 2012, the singular brand portfolio of the beauty department is also available for online shopping at www.ludwigbeck.de. Customers can expect a unique selection of almost 10.000 products of more than 100 luxury and niche cosmetics brands. WORMLAND: Investor Relations contact:
2016-04-26 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 | |
End of News | DGAP News Service |
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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
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