DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): 9-month figures/Quarter Results CORRECTION NOTIFICATION: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK records improved earnings and a 1.1% gain in sales for the 1st nine months of 2014 - Textile retail sector ends with a negative growth 21.10.2014 / 10:09 --------------------------------------------------------------------- CORRECTION NOTIFICATION - Corporate News LUDWIG BECK records improved earnings and a 1.1% gain in sales for the 1st nine months of 2014 - Textile retail sector ends with a negative growth Munich, October 21, 2014 - Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ends the 3rd quarter of the 2014 fiscal year with a slight increase in sales. According to TextilWirtschaft, German fashion retail sales slipped 1.0% in the same period. Development of sales In the 1st nine months of the report year, the LUDWIG BECK Group achieved gross sales of EUR 69.2m (previous year: EUR 68.5m), a 1.1% gain. Thus the Group was able to, at least partially, elude the overall sector trend. The online store at www.ludwigbeck.de in particular was successful. The absence of tourists from Eastern Europe, due to crises, had a noticeable effect. Their buying power used to be a long-established and stable contributor to sales at the Marienplatz flagship store. Prolonged construction on the lower floor and in front of the entrance of the subway and tram station at Marienplatz has further restricted customer traffic as well. Overall, LUDWIG BECK is currently experiencing the influence that international crises, negative economic forecasts and health threat scenarios are having on consumer confidence. Earnings situation Gross profits moved laterally and reached the amount of EUR 28.6m (previous year EUR 28.7m). Thus the gross profit margin was at 49.1% (previous year: 49.8%). Here, the clearance sale in Men's Fashion, which increased cost of goods, came to bear. Before remodeling in the department began, additional discounts were granted to ensure the complete liquidation of all seasonal inventories. Absolute expenses against corresponding income of EUR 23.9m were higher than in the previous year with EUR 23.3m. The expense ratio was 41.0% compared to 40.4% in the previous year. The cost increase is mostly attributed to a rise in personnel costs in connection with a 6.5% wage increase implemented in the 1st half of 2013. Another factor was increased other operating expenses associated with the execution of the will of the recently deceased Mr. Toni Feldmeier - a former co-owner of the company and minority shareholder of the holding company for the real estate at the Munich Marienplatz - due to transactional costs (including gift tax) in the amount of EUR 0.3m. With the will execution LUDWIG BECK's shares in the real estate holding company increased by 18.27% from 67.67% to 85.94%. The operational result (EBIT) was EUR 4.7m (previous year: EUR 5.4m), the EBIT margin was 8.0% (previous year: 9.4%). Earnings before taxes (EBT) reached EUR 3.8m (previous year: EUR 4.1m). Earnings after taxes rose, partially due to tax situation optimizations, and amounted to EUR 2.9m after nine months (previous year: EUR 2.7m). Outlook LUDWIG BECK, as well as the entire sector, is faced with trans-boundary factors having a potential influence on business developments that currently is hard to predict. The Ukraine crisis is still lingering, the Ruble declining, the situation in the Middle East a growing threat in the eyes of consumers, fear of Ebola is spreading and the German economy is slowing down - a whole chain of conditions has the potential to put pressure on the demand for fashion in the months to come. Moreover, weather conditions, even though an inherent part of the business, have become imponderables. The actual weather situation rarely corresponds with past empirical data anymore, as was apparent this summer. Despite these adversities, the Group sees itself in a stable position and counts on its unique business model. Compared to many other competitors in the sector, who depend on brick-and-mortar businesses, LUDWIG BECK - with its upscale selection and a sales atmosphere that is unique in all of Germany - has the potential to cushion external risks to a large part. The re-opening of the new and expanded Men's Fashion department is expected to generate additional positive momentum. Furthermore, the online platform at www.ludwigbeck.de offers the corporation a second successful pillar of growth. This is why LUDWIG BECK Executive Board member, Dieter Münch, besides considering the currently unusually large number of business risks, also keeps his eye on the self-generated opportunities: Our still young online business fulfills expectations. The re-opening of Men's Fashion at the Marienplatz flagship store was another success. Moreover, upcoming holiday sales should, as in previous years, make positive contributions to 4th quarter sales. In its forecast for this year, management takes into account the current situation and still expects a sales growth on Group level in the lower one-figure percentage range and earnings similar to the previous year (correction as of October 21, 2014 after first publication). Further increasing effects of negative external factors could, however, have a moderate influence on this assessment. A detailed quarterly report can be found online at www.ludwigbeck.de/english in the menu of the Investor Relations tab under Financial Publications in the Quarterly Reports section. Key Figures of the Group

in EURm                                                 1/1/2014  1/1/2013
                                                        -         -
                                                        9/30/2014 9/30/2013
Gross sales                                                 69.2       68.5
Net sales                                                   58.2       57.6
Earnings before interest, taxes and depreciation
(EBITDA)                                                     6.9        7.5
Earnings before interest, taxes (EBIT)                       4.7        5.4
Earnings before taxes (EBT)                                  3.8        4.1
Earnings after taxes                                         2.9        2.7
Equity (as of end of period 9/30)                           63.5       60.0
Equity ratio in % (as of end of period 9/30)                55.5       55.4
Earnings per share (in EUR)                                 0.77       0.74
Investments                                                  5.3        2.7
Employees (as of end of period 9/30)1)                       478        444
Apprentices (number)                                          55         56

1) without apprentices LUDWIG BECK The Munich Fashion Group is one of the top fashion retail companies in Germany. With approx. 500 employees on an area of almost 11,600 m2, it (incl. ludwigwigbeck.de GmbH) generates EUR 102.1m in sales (as of December 31, 2013). LUDWIG BECK is located at Marienplatz in the heart of Munich. On seven floors, LUDWIG BECK presents international fashion, leather goods and accessories, and exclusive cosmetics. With more than 120,000 songs, it offers the biggest collection of classical music, jazz, world music and audio books of any in-store location in Europe. Launched at the end of 2012, LUDWIG BECK is now offering the extraordinary brand portfolio of its beauty department online at www.ludwigbeck.de. A unique selection of more than 9,000 products featuring more than 90 luxury and niche cosmetics brands awaits online customers. 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 2 36 91 - 798 f: +49 89 2 36 91 - 600 [email protected] --------------------------------------------------------------------- 21.10.2014 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. Media archive at www.dgap-medientreff.de and 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: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 292525 21.10.2014