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    DGAP-News  330  0 Kommentare Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK still on growth track in 2014 despite negative branch trend - Executive and supervisory board proposes to increase the dividend by 50% to EUR 0.75 (previous year: EUR 0.50)


    DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key
    word(s): Final Results/Final Results
    Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK still
    on growth track in 2014 despite negative branch trend - Executive and
    supervisory board proposes to increase the dividend by 50% to EUR 0.75
    (previous year: EUR 0.50)

    30.03.2015 / 14:51

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    Corporate News

    LUDWIG BECK still on growth track in 2014 despite negative branch trend -
    Executive and supervisory board proposes to increase the dividend by 50% to
    EUR 0.75 (previous year: EUR 0.50)

    Munich, March 30, 2015 - The Munich fashion group LUDWIG BECK (ISIN DE
    0005199905) remained on its growth track in the fiscal year 2014. The Group
    was thus able to further pursue its course of stability, and to
    successfully defy problematic factors like counter-cyclical weather
    patterns, a decline in tourist visits from Eastern Europe or protracted
    construction works on the mezzanine subway/suburban train level at Munich's
    Marienplatz.

    "The year 2014 has shown that we are well capable of coping with and
    absorbing the impacts of a whole range of negative events. This gives us
    the leverage to further expand our market position", notes Dieter Münch,
    member of the Executive Board of LUDWIG BECK AG. "We will embark on this
    path also in 2015".

    Development of sales
    In 2014, the Group generated gross sales of EUR 102.7m as compared to EUR
    102.1m in the previous year. This equals a 0.5% increase. The online shop
    at www.ludwigbeck.de proved to be a safe bet for continuous sales growth
    with a lot of further development potential. Germany's textile retail
    sector closed the 2014 fiscal year with a 3% sales decline.

    Earnings situation

    Earnings before interest and taxes (EBIT) amounted to EUR 10.6m (previous
    year: EUR 12.3m). The EBIT margin was at 12.3% as compared to 14.4% in the
    previous year.

    Earnings before taxes (EBT) came to EUR 9.5m (previous year: EUR 10.8m).
    The EBT margin was 11.0% (previous year: 12.6%). Taxes on income totaled
    EUR 2.8m (previous year: EUR 3.4m).

    Accordingly, consolidated net profits amounted to EUR 6.7m (previous year:
    EUR 7.4m). The result yielded in the fiscal year 2014 thus remained at a
    high level even though it could not quite match last year's result on
    account of the aforementioned special items.
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    DGAP-News Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK still on growth track in 2014 despite negative branch trend - Executive and supervisory board proposes to increase the dividend by 50% to EUR 0.75 (previous year: EUR 0.50) DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Final Results/Final Results Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK still on growth track in 2014 despite negative branch trend - Executive and …