DGAP-News: LUDWIG BECK expects excellent Christmas business and distinctly upgrades its earnings forecast for 2010
(firmenpresse) - DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key
word(s): Forecast
LUDWIG BECK expects excellent Christmas business and distinctly
upgrades its earnings forecast for 2010
01.12.2010 / 16:03
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Press release
LUDWIG BECK expects excellent Christmas business and distinctly upgrades
its earnings forecast for 2010
Munich, December 1, 2010 - LUDWIG BECK AG (ISIN DE 0005199905) managed to
further speed up its pace of growth in November and concluded the month
with a 9.5 % branch-adjusted sales plus. The flagship store at Marienplatz,
usually generating more than 90 % of turnover, increased sales by
approximately 10.0 %. On the basis of this favorable development and in
expectation of excellent Christmas business, the management upgraded its
earnings forecast for the fiscal year 2010 once again.
Earnings before taxes (EBT) are now expected to exceed EUR 9.0m in the
fiscal year 2010, while previous forecasts had anticipated well over EUR
7.5m.
The Executive Board, together with the Supervisory Board of the company,
decided to let employees participate in this record success, and will
provide funds in the amount of EUR 0.2m for this purpose.
'It is already apparent that the full fiscal year 2010 will be a peak year
for us, after we had already concluded the year 2009 with the best result
ever in the company's history. We are now expecting this target to be
exceeded by approximately 40 %', Dieter Münch, Chief Financial Officer at
LUDWIG BECK AG explained. 'It is a great pleasure for us to let our
committed employees participate in this success, for without them our
achievements would not have been possible', Münch concluded.
The trading statement for the full fiscal year 2010 will be published by
the company on January 10, 2011.
Investor Relations contact:
esVedra consulting GmbH
Metis Tarta-Steck
+49 89 28808 - 133
mts(at)esvedragroup.com
Group accounting contact:
LUDWIG BECK am Rathauseck
Jens Schott
+49 89 23691 - 798
jens.schott(at)ludwigbeck.de
End of Corporate News
01.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Deutschland
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-600
E-mail: info(at)ludwigbeck.de
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Hamburg, Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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105215 01.12.2010
Datum: 01.12.2010 - 16:03 Uhr
Sprache: Deutsch
News-ID 32773
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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