Ludwig Beck-Textilhaus Feldmeier AG Reveals Preliminary 2023 Results, Adjusts Earnings Forecast

• Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG announces preliminary results for 2023 and adjusts earnings forecast.
• The previously forecast result is unlikely to be achieved due to two special effects: a book loss of EUR 1.2 million from a reversed real estate transaction and the impact of severe winter and rail strikes on Christmas business.
• The Executive Board now expects a slightly negative operating result (EBIT) of around EUR -0.6 million instead of the previously expected balanced result.
• Earnings before taxes (EBT) are expected to be positive at around EUR 1.0 million.
• At the group level, the operating result (EBIT) is now expected to be EUR 3.1 million, instead of the previously expected EUR 4.0 to 5.0 million.
• Despite negative special effects, Ludwig Beck will be able to close the 2023 financial year with a positive result. The final figures will be announced on 21 March 2024.

The next important date, Publication of Annual Financial Statements 2023, at Ludwig Beck am Rathauseck - Textilhaus Feldmeier is on 21.03.2024.

The price of Ludwig Beck am Rathauseck - Textilhaus Feldmeier at the time of the news was 25,30EUR and was down -0,78 % compared with the previous day.

Ludwig Beck am Rathauseck - Textilhaus Feldmeier

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ISIN:DE0005199905WKN:519990

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