DGAP-Adhoc

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK updates annual forecast for 2016

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Results Forecast/Results Forecast

01.10.2016 11:45

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transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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AD HOC NOTIFICATION

LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
- Security Identification Number 519 990 -


LUDWIG BECK updates annual forecast for 2016

Munich, October 1, 2016 - Based on preliminary figures as of September 30,
2016, LUDWIG BECK AG is expecting lower sales and lower earnings for 2016
as a whole.

Due to hot weather in the second half of August and the first half of
September, the drop in visits to city centers after the attacks in Paris,
Brussels and Nice and an increase in consumer reticence observed after the
shooting rampage at the Olympia shopping center in Munich, on the basis of
preliminary figures as of September 30, 2016, sales declined in the third
quarter of 2016 by approx. 12% in comparison to the third quarter of 2015.
Against this background, the Executive Board today concluded that the
forecast for 2016 can no longer be reached.

Hitherto, the company assumed group sales in 2016 would be between EUR 180
and 190 million with earnings before interest and taxes (EBIT) in the range
of EUR 8 to 9 million. On the basis of the preliminary figures the
Executive Board now assumes that sales will be approx. EUR 174 million with
EBIT in the range of EUR 4 to 5 million. The Executive Board also no longer
deems the forecast for 2016 for the AG to be realistic. Rather than annual
sales of the AG being between EUR 100 and 103 million and EBIT in the range
of EUR 5 to 7 million, annual sales are now expected to be around EUR 97
million with an EBIT in the range of EUR 4 to 5 million.

Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
t: [phone]
f: [phone]
[e-mail]

Group accounting contact:
LUDWIG BECK AG
Jens Schott
t: [phone]
f: [phone]
[e-mail]




Contact:
esVedra consulting GmbH
Metis Tarta
Ludwigstraße 8
80539 München
t: [phone]
f: [phone]
[e-mail]


01.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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