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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK keeps looking optimistically into the future after the first half-year - Seite 2

Earnings before interest and taxes (EBIT) improved slightly from € -0.4m to € -0.3m.

As in the previous year, the earnings after taxes amounted to € -0.8m in the first half of 2023.

Outlook

LUDWIG BECK is looking positively to the second half of the year in view of the generally pleasing first half. Last year, the Oktoberfest was still slightly overshadowed by the COVID-19 pandemic, which made many Munich residents to remain cautions. This year will see a return to more normality. LUDWIG BECK assumes that the traditional costume business will once again have a positive impact on sales. At the same time, many areas on the 2nd and 4th floors will shine in new splendour, creating a fascinating and exciting shopping experience for the customers.

Due to the positive development in the first half of 2023 and the opportunities that LUDWIG BECK's management expects for the second half of the year, management reiterated its guidance published in March 2023.

 

The detailed half-year report for the 2023 fiscal year is published on the company's website at http://kaufhaus.ludwigbeck.de in the section "Investor Relations", "Financial Publications" under the heading "Interim Reports".

 

Contact Investor Relations:
LUDWIG BECK AG
A. Deubel
t: [phone] - 745
f: [phone] - 600

[e-mail]

 

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20.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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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
EQS News ID:	1683859