Corporate | 6 March 2006 07:01
Ludwig Beck AG: Ludwig Beck achieves marked sales increase in January and February 2006
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Munich, 3 March 2006: The Munich-based traditional department store Ludwig
Beck (ISIN DE 0005199905) experienced an outstanding start to the new year.
The company reported sales growth of 1.4% at the group level in January and
February 2006 compared to the same period the previous year. Gross sales
were EUR 13.1 million (previous year: EUR 12.9 million). Over a comparable
period, sales increased even more significantly, namely by 5.1% compared to
the previous year.
“The year 2005 also closed out with a sales increase that exceeded all
expectations. The trend of the first two months of 2006 now becomes a clear
sign to us that this positive business development will continue in the
current financial year as well” states Dieter Münch, financial director of
Ludwig Beck, with a smile. “Again this year, our parent company on
Marienplatz has more than lived up to its role as the traditional leading
force of the Ludwig Beck Group. We managed to record a sales increase of
7.8 % compared to the previous year“, Dieter Münch continued.
The fashion store thus successfully breaks away once again from the general
trend within the German textile and clothing market industry, which is
still on the negative side according to TextilWirtschaft.
The board of directors of Ludwig Beck looks toward the future with
optimism. By consistently forging on with the proven trading-up strategy in
the parent company coupled with the sustained optimism of the branch office
business, this textile group most definitely anticipates that the recent
upward trend will continue for the current financial year.
A complete summary of the figures for financial year 2005 will be announced
on 14 March 2006 at the Group’s balance sheet press conference in Munich.
Investor Relations contact:
Buchanan Capital Group
Metis-Corinna Tarta
+49 81 51 95966-25
m.tarta@buchanan-ag.com
Ludwig Beck Accounts contact:
Ludwig Beck am Rathauseck
Martin Gehrke
+49 89 23691-788
martin.gehrke@LudwigBeck.de
(c)DGAP 06.03.2006
—————————————————————————
language: English
emitter: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80327 München Deutschland
phone: +49 (0)892 36 91-0
fax: +49 (0)892 36 91-6 00
email: info@ludwigbeck.de
WWW: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
indexes:
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
—————————————————————————