EQS-News: LUDWIG BECK with positive sales development in the 2023 fiscal year
Source: EQS
LUDWIG BECK with positive sales development in the 2023 fiscal year Sales development In the 2023 fiscal year, LUDWIG BECK (including online) generated gross sales of € 86.5m (previous year: € 83.8m). The "textile" segment contributed € 63.7m (previous year: € 60.8m) and the "non-textile" segment € 22.8m (previous year: € 23.0m) to this sales development. Earnings situation Gross profit rose from € 35.0m to € 35.3m, although the gross profit margin of 48.5% was below the previous year's figure of 49.8% due to higher price discounts. Other income amounted to € 4.7m and was therefore significantly higher than the previous year's figure of € 3.8m. Depreciation and amortization including finance leases amounted to € 6.8m (previous year: Other operating expenses increased from € 11.8m to € 13.3m, mainly due to higher occupancy and selling expenses as well as a loss on receivables of € 1.2m resulting from the withdrawal from a purchase agreement in connection with the sale of a property in Accordingly, earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased from € 11.3m to € 9.9m. Earnings before interest and taxes (EBIT) decreased from € 4.9m in the previous year to The financial result, including finance leases, amounted to € -2.5m in the fiscal year (previous year: € -2.1m). The sharp rise in short-term overdraft interest rates had an even greater negative impact on the financial result in the 2023e fiscal year than in previous years. Earnings before taxes (EBT) amounted to € 0.6m (previous year: € 2.8m). Earnings after taxes (EAT) amounted to € 0.4m (previous year: € 2.2m). In the 2023 fiscal year,
Outlook LUDWIG BECK is cautiously optimistic about the upcoming fiscal year and continuously believes in the relevance of stationary retail. The company is planning further investments in the flagship store at Marienplatz in 2024 to create new, fascinating shopping worlds through new designs and new brands. Despite challenging economic conditions, the management of
Further information on the company and its shares can be found on the company's website at http://kaufhaus.ludwigbeck.de.
Key Performance Indicators
Contact Investor Relations:
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Language: | English |
Company: | |
Marienplatz 11 | |
80331 München | |
Phone: | +49 (0)89 2 36 91-0 |
Fax: | +49 (0)89 2 36 91-600 |
E-mail: | info@ludwigbeck.de |
Internet: | www.ludwigbeck.de |
ISIN: | DE0005199905 |
WKN: | 519990 |
Listed: | Regulated Market in |
EQS News ID: | 1864429 |
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1864429 21.03.2024 CET/CEST