BRÈVE

sur Ludwig Beck AG (isin : DE0005199905)

LUDWIG BECK Reports Positive Sales Growth Amid Fiscal Year 2023 Challenges

Munich-based fashion retailer, LUDWIG BECK, announced a positive sales trajectory in the fiscal year 2023 despite facing numerous challenges including the war in Ukraine, unfavorable weather conditions, and competitive online discount campaigns. The company, known for its diversified offerings in "textile" and "non-textile" segments, reported a gross sales increase of around 20% compared to the previous year, reaching €86.5m. This growth comes in a period marked by COVID-19 impacts and challenging consumer sentiment.

Despite a drop in the gross profit margin from 49.8% to 48.5%, due to higher price discounts, LUDWIG BECK achieved a slight increase in gross profit, up from €35.0m to €35.3m. Operational adjustments and the adaptation to external pressures, such as a snow chaos and a rail strike over the Christmas season, impacted the earnings before interest, taxes, depreciation, and amortization (EBITDA), decreasing from €11.3m to €9.9m. Nevertheless, the company ended the year on an optimistic note, planning further investments in their flagship store and expecting a gross sales between €90m and €93m for the fiscal year 2024.

R. E.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Ludwig Beck AG