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Ludwig Beck am Rathauseck Textilhaus Feldmeier AG (ECKG.DE)

ECKG.DE on Xetra

29.60EUR
20 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Ludwig Beck Am Rathauseck-Textilhaus Feldmeier: Changes On Executive Board
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Ludwig Beck am Rathauseck Textilhaus Feldmeier AG ::DGAP-ADHOC: LUDWIG BECK AM RATHAUSECK-TEXTILHAUS FELDMEIER AG: SUBJECT: PERSONNEL ISSUE LUDWIG BECK AM RATHAUSECK - TEXTILHAUS FELDMEIER AG: CHANGES ON THE EXECUTIVE BOARD OF LUDWIG BECK AG.DIETER MÜNCH WILL PREMATURELY LEAVE COMPANY ON 31 AUGUST 2019.THIS WAS MUTUALLY AGREED BY SUPERVISORY BOARD OF LUDWIG BECK AG AND MR MÜNCH TODAY.JENS SCHOTT HAS BEEN APPOINTED TO EXECUTIVE BOARD OF LUDWIG BECK AG AS CFO BY SUPERVISORY BOARD AS OF 1 SEPTEMBER 2019.CHRISTIAN GREINER TO TAKE OVER AS CHAIRMAN OF EXECUTIVE BOARD WITH EFFECT AS OF 1 SEPTEMBER 2019.  Full Article

Ludwig Beck Sells WORMLAND Segment, Cuts Forecast For FY 2019
Monday, 15 Apr 2019 

April 15 (Reuters) - Ludwig Beck am Rathauseck Textilhaus Feldmeier AG ::DGAP-ADHOC: LUDWIG BECK AM RATHAUSECK-TEXTILHAUS FELDMEIER AG: LUDWIG BECK AG: SALE OF GENTLEMAN'S FASHION CHAIN WORMLAND AND ADJUSTMENT OF FORECAST FOR FISCAL YEAR 2019.BUYER IS WL ERWERBS GMBH, WHICH IS HELD BY A TEAM OF WORMLAND MANAGERS.CLOSING DATE OF PURCHASE AGREEMENT IS PLANNED FOR APRIL 30, 2019, 24:00 HOURS.FOR 2019, LUDWIG BECK NOW EXPECTS REVENUE AT GROUP LEVEL BETWEEN EUR 114M AND EUR 119M.FOR 2019, LUDWIG BECK NOW EXPECTS EBT (EARNINGS BEFORE TAXES) BETWEEN EUR -12 M AND EUR -13M.NOW EXPECTS A NET LOSS FOR YEAR 2019 AMOUNTING TO EUR -10M TO EUR -11M.DIVIDEND FOR 2019 FISCAL YEAR CAN NO LONGER BE EXPECTED.SELLER TO TRANSFER COMPANY FREE FROM BANK LIABILITIES AND MAKING AN ADDITIONAL PAYMENT OF APPROX. EUR 7.5M ON-TOP.BUYER AGREED TO PROVIDE AN EQUITY INJECTION OF APPROX. EUR 0.5M.  Full Article

Ludwig Beck Resolves To Introduce Process To Sell Gentleman's Fashion Chain Wormland
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - LUDWIG BECK AM RATHAUSECK TEXTILHAUS FELDMEIER AG ::RESOLVES TO INTRODUCE A PROCESS TO SELL THE GENTLEMAN'S FASHION CHAIN WORMLAND.SALE SHALL TAKE PLACE IN FIRST HALF OF 2019.INVESTORS COMMUNICATED THEIR INTEREST IN ACQUIRING 100% INTEREST HELD BY LUDWIG BECK IN THEO WORMLAND GMBH & CO. KG.SHOULD IT NOT BE POSSIBLE TO OBTAIN A REASONABLE PURCHASE PRICE LUDWIG BECK WILL CONTINUE RESTRUCTURING OF WORMLAND ON ITS OWN..AS 2018 NET INCOME OF LUDWIG BECK AG IS THEREFORE NOW EXPECTED TO BE EUR 0 A DIVIDEND FOR 2018 FINANCIAL YEAR CAN NOW NO LONGER BE EXPECTED.LUDWIG BECK IS EXPECTING AN ANNUAL DEFICIT IN SINGLE ENTITY FINANCIAL STATEMENT FOR 2018 IN AMOUNT OF APPROXIMATELY EUR -3.9 MILLION.AND EUR -0.8 MILLION IN CONSOLIDATED ANNUAL FINANCIAL STATEMENT FOR 2018.  Full Article

Ludwig Beck FY Preliminary Gross Group Revenue At EUR 166.0 Mln
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - LUDWIG BECK AM RATHAUSECK TEXTILHAUS FELDMEIER AG ::FY PRELIMINARY GROSS REVENUE AT GROUP LEVEL OF EUR 166.0 MILLION (PREVIOUS YEAR: EUR 173.2 MILLION).  Full Article

Ludwig Beck 9-Mth EBT Loss Widens To EUR 3.1 Mln
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Ludwig Beck am Rathauseck Textilhaus Feldmeier AG ::9-MONTH GROSS SALES IN AMOUNT OF EUR 111.7M (PREVIOUS YEAR: EUR 118.5M).9-MONTH GROSS PROFIT AMOUNTED TO EUR 44.5M IN AGGREGATE (PREVIOUS YEAR: EUR 46.8M).9-MONTH EBT AMOUNTED TO EUR -3.1M (PREVIOUS YEAR: EUR -1.8M).CONFIRMS GOAL OF GROSS SALES ABOVE EUR 170M AND TO REALIZE EBIT MARGIN OF 3.5% TO 5% OF NET SALES IN FY.  Full Article

Ludwig Beck H1 EBIT Loss At EUR 2.2 Mln
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Ludwig Beck am Rathauseck Textilhaus Feldmeier AG ::DGAP-NEWS: LUDWIG BECK AM RATHAUSECK-TEXTILHAUS FELDMEIER AG: LUDWIG BECK'S RESULT IN THE FIRST SIX MONTHS FALLS WITHIN THE FORECAST RANGE.H1 GROSS SALES IN AMOUNT OF EUR 73.2M (JUNE 30, 2017: EUR 77.1M).GROSS PROFIT AMOUNTED TO EUR 29.4M IN FIRST HALF OF 2018 (JUNE 30, 2017: EUR 30.7M).REAFFIRMS ITS PROJECTIONS FOR FUTURE BUSINESS DEVELOPMENT IN 2018.H1 EARNINGS BEFORE INTEREST AND TAXES (EBIT) AMOUNTED TO EUR -2.2M (JUNE 30, 2017: EUR -1.6M).H1 CONSOLIDATED EARNINGS BEFORE TAXES (EBT) WAS EUR -2.6M (JUNE 30, 2017: EUR -2.1M).  Full Article

Ludwig Beck FY Prelim Gross Sales At Group Level At EUR 173.2 Mln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - LUDWIG BECK ::FY PRELIMINARY GROSS SALES AT GROUP LEVEL AMOUNTING TO EUR 173.2M (PREVIOUS YEAR: EUR 177.1M).PROGRESS OF LUDWIG BECK'S CHRISTMAS SALES LAGGED BEHIND LAST YEAR'S ACHIEVEMENTS.  Full Article

Ludwig Beck 9-month loss after taxes narrows to 2.5 million euros​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - LUDWIG BECK ::9MTH GROSS SALES IN AMOUNT OF EUR 118.5M (PREVIOUS YEAR: EUR 118.2M)​.‍REAFFIRMS ITS EXPECTATIONS FOR BUSINESS DEVELOPMENT IN 2017​.9MTH GROSS PROFIT WAS RAISED TO EUR 46.8M IN AGGREGATE (PREVIOUS YEAR: EUR 46.0M)​.9-MONTH ‍EARNINGS AFTER TAXES WERE AT EUR -2.5M (PREVIOUS YEAR: EUR -3.6M)​.‍9MTH EBIT OF EUR -1.1M SHOWED A DISTINCT IMPROVEMENT IN COMPARISON TO PREVIOUS YEAR WITH EUR -2.4M​.  Full Article