Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK Group expresses satisfaction with the result of the first half of 2017
DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Half Year Results/Quarterly / Interim Statement CORPORATE NEWS LUDWIG BECK Group expresses satisfaction with the result of the first half of 2017
Development of sales Earnings situation Personnel expenses sank by EUR 0.7m to EUR 14.7m as compared to the year 2016 as a result of structural adjustments at managerial level (June 30, 2016: EUR 15.4m). Other operational expenses came to EUR 17.2m (June 30, 2016: EUR 17.4m). All in all, earnings before interest and taxes (EBIT) could be maintained at EUR -1.6m (June 30, 2016: EUR -1.6m) despite the decline in sales. The LUDWIG BECK segment contributed EUR 1.4m (June 30, 2016: EUR 1.6m), and the WORMLAND segment recorded a projected negative amount of EUR -3.1m (June 30, 2016: EUR -3.2m). Accordingly, consolidated earnings before taxes (EBT) amounted to EUR -2.1m (June 30, 2016: Outlook For further information regarding the company and the share please refer to the corporate website at kaufhaus.ludwigbeck.de/english/ in the Investor Relations section under Financial Publications.
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.
25.07.2017 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, Tradegate Exchange |
End of News | DGAP News Service |
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