DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK Group concludes fiscal year 2016 with a satisfactory result


 
DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Final Results/Final Results Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK Group concludes fiscal year 2016 with a satisfactory result 28.03.2017 / 14:08 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate News LUDWIG BECK Group concludes fiscal year 2016 with a satisfactory result Munich, March 28, 2017 - In the fiscal year 2016, the Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) had to face some challenges, but was able to master them by the end of the year with a satisfactory result in overall terms. Once again, anticyclical weather patterns proved to have a major impeding impact. However, appropriate seasonal weather for the Christmas business provided a boost in sales. The WORMLAND segment, newly acquired in 2015, concluded its first full fiscal year under the umbrella of the LUDWIG BECK Group and developed in line with expectations during that period. With the launch of the new WORMLAND flagship store in Nuremberg in October 2016 a promising milestone in the history of this long-established company has been set. Development of sales The Group generated gross sales in the amount of EUR 177.1m (previous year: EUR 158.6m). This significant increase is exclusively due to the WORMLAND segment which contributed gross sales in the considerable amount of EUR 76.0m (previous year: EUR 54.7m) to the Group's sales. In the previous year, only sales achieved after the date of acquisition (May 2015) had been taken into account. The LUDWIG BECK segment, including the online trade at www.ludwigbeck.de, generated sales in the amount EUR 101.1m (previous year: EUR 104.0m) in the same period. The decline in sales experienced by the Munich Fashion Group was paralleled by a similar development in the German textiles retail, which concluded the fiscal year 2016 down 2% (source: TextilWirtschaft). Earnings situation Earnings before interest and taxes (EBIT) reached EUR 6.3m (previous year: EUR 18.3m) and, due to an encouraging fourth quarter, exceeded the adjusted forecast of October 1, 2016, in which the management had anticipated a value between EUR 4m and 5m. Accordingly, earnings before taxes (EBT) amounted to EUR 5.2m (previous year: EUR 17.3m). Thus, the EBT margin came to 3.5% (previous year: 12.9%). Taxes on income of EUR 2.3m (previous year: EUR 2.1m) were incurred in 2016. The previous year's result had included a non-recurring tax-exempt Group income from initial consolidation of the WORMLAND Group in the amount of EUR 9.8m. Consolidated net income amounted to EUR 2.9m (previous year: EUR 15.2m). As per the reporting date of December 31 2016, the Group's equity totaled EUR 79.0m (previous year: EUR 79.4m). The equity ratio was 58.9% (previous year: 60.2%). Dividend payout At the Annual General Meeting on May 23, 2017, the Executive Board and the Supervisory Board will propose to distribute a dividend in the amount of EUR 0.65 per participating no-par share (previous year: EUR 0.75 per share). The dividend amount is generally proposed in line with the corporation's financial goals, with sound financial stability for the Group's strategic projects taking center stage. Outlook Leading economic researchers take a cautiously optimistic view of Germany's economic prospects, yet expect promising opportunities to arise in 2017. The management of LUDWIG BECK shares these expectations. At the same time, the Executive Board is engaged in the analysis of the ongoing structural changes unfolding in German textiles retail in order to come up with strategic conclusions. Against this background, the Fashion Group remains committed to its high target of a sound, sustained development also in 2017. In 2017, we will focus all our efforts on our customers. In these challenging times we have made this our central key topic, member of the Executive Board, Dieter Münch, said. Based on this assumption, the Executive Board expects sales on Group level to reach between EUR 170m and 180m and earnings before interest and taxes (EBIT) to settle between EUR 4m and 6m in 2017. For further information regarding the company and the share please refer to the corporate website at http://kaufhaus.ludwigbeck.de/english/. Key figures of the Group in EURm 2016 2015 Gross sales 177.1 158.6 Net sales 148.9 133.3 Earnings before interest, taxes, depreciation and 10.3 22.3 amortization (EBITDA) Earnings before interest and taxes (EBIT) 6.3 18.3 Earnings before taxes (EBT) 5.2 17.3 Consolidated net income 2.9 15.2 Equity 79.0 79.4 Equity ratio in % 58.9 60.2 Investments 5.4 2.2 Employees (average)1) 892 816 Earnings per share (in EUR) 0.78 4.11 Dividend (in EUR) 0.65 0.75 1) without apprentices About LUDWIG BECK LUDWIG BECK is one of the top fashion retail companies in Germany. In 2016, with 467 employees it generated gross sales in the amount of EUR 101.1m (as per December 31, 2016) on an area of about 12,400 sqm as well as through its online shop. LUDWIG BECK is located in the heart of Munich, directly at Marienplatz. On seven floors the Munich fashion company showcases international fashion, leather goods and accessories, exclusive cosmetics and with over 120,000 titles Europe's largest onsite collection of classical, jazz and world music and audiobooks. About ludwigbeck.de Since the end of 2012, the exceptional brand portfolio of the beauty department is also available for online shopping at www.ludwigbeck.de. Customers can expect a unique selection of almost 10,000 products of more than 100 luxury and niche cosmetics brands. About WORMLAND THEO WORMLAND GmbH & Co. KG, Hanover, generated sales in the amount of EUR 76.0m (as per December 31, 2016) with 425 employees on a total area of about 16,200 sqm in 2016. The Group is based on two differing store concepts: WORMLAND and THEO. Today, THEO WORMLAND GmbH & Co. KG ranges among Germany's top men's fashion retailers with a total of 15 branches. Investor Relations contact: esVedra consulting GmbH Metis Tarta t: +49 89 206021 - 210 f: +49 89 206021 - 610 [email protected] Group Accounting contact: LUDWIG BECK AG Jens Schott t: +49 89 23691 - 798 f: +49 89 23691 - 600 [email protected] --------------------------------------------------------------------------- 28.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG Marienplatz 11 80331 München Germany Phone: +49 (0)89 2 36 91-0 Fax: +49 (0)89 2 36 91-600 E-mail: [email protected] 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 End of News DGAP News Service --------------------------------------------------------------------------- 558649 28.03.2017


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 145,57 139,58 80,08 51,49 55,40 70,40 72,70
EBITDA1,2 10,93 8,40 12,89 4,33 12,99 11,27 9,94
EBITDA-Marge3 7,51 6,02 16,10 8,41 23,45 16,01
EBIT1,4 6,46 1,95 6,96 -1,88 6,64 4,91 3,11
EBIT-Marge5 4,44 1,40 8,69 -3,65 11,99 6,97 4,28
Jahresüberschuss1 3,26 -0,81 -13,59 -1,74 3,63 2,24 0,43
Netto-Marge6 2,24 -0,58 -16,97 -3,38 6,55 3,18 0,59
Cashflow1,7 8,69 4,32 7,87 -3,50 10,24 6,88 5,76
Ergebnis je Aktie8 0,88 -0,22 -3,68 -0,47 0,98 0,60 0,12
Dividende8 0,65 0,00 0,00 0,00 0,00 0,00 0,65
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BTU Treuhand

INVESTOR-INFORMATIONEN
©boersengefluester.de
Ludwig Beck
WKN Kurs in € Einschätzung Börsenwert in Mio. €
519990 23,000 Halten 84,99
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
42,59 29,81 1,33 67,65
KBV KCV KUV EV/EBITDA
1,31 14,76 1,17 19,23
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,15 0,65 15.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
18.04.2024 18.07.2024 17.10.2024 21.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,80% -3,56% 17,95% -15,44%
    
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