Ad-hoc | 25 February 2005 17:24
Ludwig Beck am Rathauseck: Preliminary Result 2004
Ad hoc announcement §15 WpHG
Result 2004
Ludwig Beck am Rathauseck: Preliminary Result 2004
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Munich, February 25th, 2005 – The LUDWIG BECK Group will close the fiscal year
2004 with an estimated operating result (EBIT) of EUR 3.3 million
(EUR 1.9 million) generating net sales in the amount of EUR 86.7 million (EUR
80,3 million). The expected result at Group level will amount to EUR -0.2
million (EUR -0.9 million).
Sales revenue at group level could be raised by 8 %. On sales area adjusted
basis, too, sales revenue rose by 2.4 %. Due to this development gross margin
less VAT and material costs increased by 9.0 % to EUR 40.2 million (EUR 36.9
million). The gross margin quote improved by 0.5 % from 45.9 % in 2003 to 46.4
%.
Due to the realisation of a package of measures implemented in 2004 costs
could be reduced from 43.5 % in the previous year to 42.6 %. These measures
will also have a positive full-year-effect on the results in 2005.
For these reasons the Board of Management is expecting to return to profit
again
in 2005.
Detailed figures concerning the business year 2004 will be published
on March 17, 2005.
__________________________________________________________
Ludwig Beck am Rathauseck – Textilhaus Feldmeier AG
Marienplatz 11
80327 München
Deutschland
ISIN: DE 0005199905
Contact:
Barbara Gruber (Press Relations) Phone (089) 23691-669, Fax (089) 23691-606
Jens Schott (Investor Relations) Phone (089) 23691-798, Fax (089) 23691-
600
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80327 München
Deutschland
ISIN: DE0005199905
WKN: 519990
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart
End of ad hoc announcement (c)DGAP 25.02.2005
251724 Feb 05