DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
/ Key word(s): Quarterly / Interim Statement
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK's gross sales in 2019 in line with expectations
08.01.2020 / 08:00
The issuer is solely responsible for the content of this announcement.
Corporate News
LUDWIG BECK's gross sales in 2019 in line with expectations
Munich, January 08, 2020 - The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) generated net sales from continued operations of € 94.9m in 2019 - 0.6% below previous year's level of € 95.5m. The Beauty Online Shop www.ludwigbeck.de, which operates in parallel to the stationary business, continued to make a positive contribution to Group sales.
Despite Christmas business falling short of the Executive Board's expectations, LUDWIG BECK achieved consolidated sales in line with the forecast. Following the divestment of the shares in the WORMLAND business segment, the management had forecast consolidated sales from continued operations to range between € 94m and € 98m.
Detailed figures for the fiscal year 2019 as well as expectations for the new fiscal year 2020 will be disclosed during the company's balance sheet press conference in Munich on March 26, 2019. Further information relating to the company and the share is available on the company website at https://kaufhaus.ludwigbeck.de/en/home.
Investor Relations contact:
LUDWIG BECK AG
Andre Deubel
t: +49 89 23691-745
f: +49 89 23691-600
[email protected]
08.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG DE0005199905