Corporate | 10 January 2005 15:00
LUDWIG BECK closes 2004 with significant sales growth
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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LUDWIG BECK closes 2004 with significant sales growth – Sales in fiscal 2004
up by no less than 8% in year-on-year comparison.
Munich, 10 January 2005 – Fiscal 2004 saw LUDWIG BECK (ISIN DE 0005199905)
increase turnover significantly, with gross sales up by no less than EUR 7.4
million to EUR 100.3 million, in other words by 8% in comparison with the
fiscal 2003 figure of EUR 92.9 million. Adjusted by floor area, turnover rose
by 2.4%, with sales growth of 0.6% in the first six months and 3.8% in the
second half of the year. This was in contrast to the general trend in the
textile sector, where, according to provisional calculations by
“TextilWirtschaft”, the German trade journal, sales fell by 3% in 2004.
The positive turnover trend and the continued success of LUDWIG BECK’s
corporate strategy are the results of an increasingly satisfying course of
business in 2004, above all in the second half of the year, with lively
seasonal business in November and December providing additional impetus. The
measures initiated by the Management Board showed their effects, and the
customers themselves evidently got more pleasure and enjoyment again in terms
of purchasing and giving presents.
As regards 2005, LUDWIG BECK is confident of maintaining its positive business
trend, especially where its activities in Munich are concerned, driven by
successful corporate strategy and a slight improvement in the overall economic
situation.
Detailed figures on fiscal 2004 are scheduled for publication on 17 March
2005.
Contact:
Barbara Gruber (Press) Tel. +49 89 23691-669, Fax +49 89 23691-606
Jens Schott (Investor Relations) Tel. +49 89 23691-798, Fax +49 89 23691-600
end of message, (c)DGAP 10.01.2005
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WKN: 519990; ISIN: DE0005199905; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart
101500 Jän 05