Corporate | 19 March 2014 11:00
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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Final Results/Final Results
Corporate News LUDWIG BECK raises branch-adjusted sales in 2013 – first year of business successful for www.ludwigbeck.de online store Munich, March 19, 2014 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ends 2013 with a 0.6% gain in branch-adjusted sales. The Group was able to stay on its long lasting course of continuity, despite atypical seasonal weather creating problems for the fashion retail sector and outages in the Munich tram service.
Development of sales
In its first full year of business, the www.ludwigbeck.de online store, launched at the end of 2012, already made a positive contribution to Group sales.
Earnings situation
With EUR 10.8m, earnings before taxes (EBT) were at the fringe of the predicted range of EUR 11m to EUR 13m. Thus LUDWIG BECK was able to retain its high earnings level in 2013 (previous year: EUR 12.1m). The EBT margin was 12.6% (previous year: 13.9%). Taxes on income were EUR 3.4m in the 2013 fiscal year (previous year: EUR 3.5m). Accordingly, consolidated net profits amounted to EUR 7.4m (previous year: EUR 8.6m). In 2013 the Group’s equity rose from EUR 59.7m to EUR 64.4m. Chief influences were 2013’s positive result along with dividend payments for the 2012 fiscal year, as decided by the Annual General Meeting. Hence, the equity ratio rose from 56.5% to 60.6%.
Dividend payout
Outlook
LUDWIG BECK’s management agrees with the predictions of economic researchers and has great hopes for business developments in 2014. Executive Board member Dieter Münch: “2013 proved to be a year of stability and continuity. We made use of our in-house potentials and kept our results at a very high level. Our motto for 2014: healthy, onward, growing.” Having said this, LUDWIG BECK’s management expects the Group will reach a gain in sales in the middle one digit percentage area and earnings at the level of the previous year. More information about the corporation and its shares are available at the company’s website at www.ludwigbeck.de/english. Key Figures of the Group
1) without apprentices
About
LUDWIG BECK
LUDWIG BECK is located at Marienplatz in the heart of Munich. On seven floors LUDWIG BECK presents international fashion, leather goods and accessories, and exclusive cosmetics. With more than 120,000 songs, it offers the biggest collection of classical music, jazz, world music and audio books of any brick-and-mortar store in Europe. Launched at the end of 2012, LUDWIG BECK is now offering the extraordinary brand portfolio of its beauty department online at www.ludwigbeck.de . A unique selection of almost 9,000 products featuring more than 90 luxury and niche cosmetics brands awaits online customers.
Investor Relations contact:
Group Accounting contact:
End of Corporate News 19.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart | |
| End of News | DGAP News-Service |
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