Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK still on growth track in 2014 despite negative branch trend – Executive and supervisory board proposes to increase the dividend by 50% to EUR 0.75 (previous year: EUR 0.50)
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Final Results/Final Results Corporate News LUDWIG BECK still on growth track in 2014 despite negative branch trend – Executive and supervisory board proposes to increase the dividend by 50% to EUR 0.75 (previous year: EUR 0.50) Munich, March 30, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) remained on its growth track in the fiscal year 2014. The Group was thus able to further pursue its course of stability, and to successfully defy problematic factors like counter-cyclical weather patterns, a decline in tourist visits from Eastern Europe or protracted construction works on the mezzanine subway/suburban train level at Munich’s Marienplatz. “The year 2014 has shown that we are well capable of coping with and absorbing the impacts of a whole range of negative events. This gives us the leverage to further expand our market position”, notes Dieter Münch, member of the Executive Board of LUDWIG BECK AG. “We will embark on this path also in 2015”. Development of sales Earnings situation Earnings before interest and taxes (EBIT) amounted to EUR 10.6m (previous year: EUR 12.3m). The EBIT margin was at 12.3% as compared to 14.4% in the previous year. Earnings before taxes (EBT) came to EUR 9.5m (previous year: EUR 10.8m). The EBT margin was 11.0% (previous year: 12.6%). Taxes on income totaled EUR 2.8m (previous year: EUR 3.4m). Accordingly, consolidated net profits amounted to EUR 6.7m (previous year: EUR 7.4m). The result yielded in the fiscal year 2014 thus remained at a high level even though it could not quite match last year’s result on account of the aforementioned special items. A key component in 2014 was the investment amount of EUR 6.5m (previous year: EUR 3.2m). The major part of the investment total was channeled into the expansion and remodeling of the Men’s Fashion department on the lower ground floor – one of the most extensive construction projects ever realized in the company’s recent history. Equity rose from EUR 64.4m to EUR 67.2m in the 2014 fiscal year. Major influential factors were the positive 2014 result and the dividend payout for 2013 resolved by the Annual General Meeting on May 8, 2014. The equity ratio came to 60.5% (previous year: 60.6%). Dividend payment Outlook Leading economic researchers expect the German economy to continue on its growth trajectory in 2015 with the consumer climate remaining on a high level and the purchasing power of consumers enhanced as a result of higher net income and the low oil price. While the management of LUDWIG BECK backs up these favorable economic forecasts, it nevertheless expects the crises of the year 2014 to further weigh heavily on the progress of the German textile retail sector. However, the positive economic prospects for Germany together with the expected stable consumer spending will form a sound and sustainable basis for a healthy business development. Confident of this, the Executive Board anticipates an increase in consolidated sales between 2% and 4%, and earnings before interest and taxes (EBIT) of approximately EUR 10m in the fiscal year 2015. For more information about the company and its stock please visit the company website at Key figures of the Group
1) without apprentices About LUDWIG BECK LUDWIG BECK is located right at Marienplatz in the heart of Munich. On seven floors LUDWIG BECK presents international fashion, leather goods, accessories and exclusive cosmetics. With more than 120,000 songs it offers the biggest collection of classical music, jazz, world music and audio books of any in-store location in Europe. Since the end of 2012, LUDWIG BECK has offered the extraordinary brand portfolio of its beauty department also online at www.ludwigbeck.de. A unique selection of almost 10,000 products featuring more than 100 luxury and niche cosmetics brands awaits online customers. Investor Relations contact: 2015-03-30 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: | 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 |
338931 2015-03-30 |
Aktuelle News
Aktuelle Berichte
Anstehende Events
Events Funktionen
Weitere Funktionen
18
Jul 24
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Veröffentlichung Halbjahresfinanzbericht