Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK Group ends fiscal year 2015 with growth in sales and earnings and expands its stationary business throughout Germany
DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Final Results/Development of Sales Corporate News LUDWIG BECK Group ends fiscal year 2015 with growth in sales and earnings and expands its stationary business throughout Germany Munich, March 22, 2016 – With its takeover of men’s fashion retailer WORMLAND, Munich-based fashion group LUDWIG BECK (ISIN DE 0005199905) has set the course for considerable growth in its stationary offering in the fiscal year 2015. The flagship store at Munich’s Marienplatz and the company’s online division remain on a stable course. Dieter Münch, Member of the Board at LUDWIG BECK, appeared thoroughly satisfied with the fiscal year just ended: The integration of WORMLAND is going seamlessly, and the LUDWIG BECK Group remains on course. We are going to utilise the resultant opportunities and possibilities also in 2016. Sales development Earnings situation Earnings before taxes (EBT) amounted to EUR 17.3m (previous year: EUR 9.5m). The EBT margin amounted to 12.9% (previous year: 11.0%). A non-recurring tax-free consolidated income from the first-time consolidation of the WORMLAND Group in the amount of EUR 9.8m was reported in the earnings. Thus taxes on income were only at EUR 2.1m (previous year: EUR 2.8m). Consolidated net profit was at EUR 15.2m, compared to EUR 6.7m in the previous year. In terms of equity, there was an increase to EUR 79.4m (previous year: EUR 67.2m). The equity ratio amounted to 60.2% (previous year: 60.5%). Dividend payment Outlook LUDWIG BECK’s management shares this optimistic outlook, but is also conscious that the industry is still exposed to a tremendous dynamism that includes a number of inestimable influencing factors. Stable, sustainable growth will therefore determine the Group’s course over the current year too. Consequently, during the fiscal year 2016, the Executive Board expects sales at group level to be at EUR 180m to EUR 190m and earnings before interest and taxes (EBIT) at EUR 8m to EUR 9m. Further information about the company and its stock is available on the company’s website at kaufhaus.ludwigbeck.de/english/. Key figures of the Group
1) without apprentices About LUDWIG BECK LUDWIG BECK is located at the heart of Munich, directly at the Marienplatz. Over seven floors, the Munich-based fashion company offers international fashion, leather goods and accessories, as well as exclusive cosmetics. With more than 12,000 titles it also offers Europe’s largest stationary selection of classic, jazz and world music alongside audiobooks. Since the end of 2012 the unique brand portfolio of the company’s beauty department has also been available for online shopping at www.ludwigbeck.de. Here customers are awaited by a unique selection of almost 10,000 products from over 100 brands in luxury and niche cosmetics. WORMLAND: Investor Relations contact:
2016-03-22 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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