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

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Latest Key Developments (Source: Significant Developments)

Ludwig Beck surpasses 2016 earnings forecast
Thursday, 2 Feb 2017 07:45am EST 

Ludwig Beck : Surpasses 2016 earnings forecast . For weather-related reasons consumer reticence observed in Q3 of 2016 diminished in Q4 and christmas sales also surpassed expectations .Based on provisional figures of Dec. 31, management board now assumes that group-level EBIT will be more than 6 million euros ($6.48 million).  Full Article

Ludwig Beck posts FY gross sales in aggregate amount of 177.1 mln euros
Monday, 9 Jan 2017 02:01am EST 

Ludwig Beck : In FY 2016 generated gross sales in aggregate amount of 177.1 million euros ($186.50 million) .Sales in previous year had amounted to 158.6 million euros; Increase in 2016 was due to fact that WORMLAND segment newly acquired in May 2015 contributed to group sales on a full-year basis for first time in 2016.  Full Article

Ludwig Beck lowers FY outlook after prelim Q3
Monday, 3 Oct 2016 02:41am EDT 

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG : Said on Saturday is expecting lower sales and lower earnings for 2016 as a whole . On the basis of preliminary figures as of Sept 30, 2016, sales declined in Q3 of 2016 by about 12 percent in comparison to Q3 of 2015 . Now assumes FY group sales to be about 174 million euros ($195.45 million) (previous forecast: 180-190 million euros) with EBIT in the range of 4 million to 5 million euros (previous forecast: 8-9 million euros) .Executive Board also no longer deems the forecast for 2016 for the AG to be realistic.  Full Article

Ludwig Beck H1 gross sales up at 79.5 million euros
Tuesday, 26 Jul 2016 02:00am EDT 

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG : H1 gross sales in amount of 79.5 million euros ($87.56 million) (previous year: 56.8 million euros) . H1 EBIT amounted to -1.6 million euros (previous year: 11.3 million euros) .Expects sales of goods at group level to reach between 180 million and 190 million euros and earnings before interest and taxes (EBIT) to amount to 8 million to 9 million euros.  Full Article

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG confirms FY 2016 outlook
Tuesday, 26 Apr 2016 02:00am EDT 

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG:Still stays with its sales target for 2016, to generate trade sales of 180 million euros to 190 million euros and EBIT of 8 million euros to 9 million euros.  Full Article

Ludwig Beck am Rathauseck Textilhaus Feldmeier gives mixed FY 2016 guidance, proposes dividend
Tuesday, 22 Mar 2016 09:21am EDT 

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG:Will propose a dividend payment amounting to 0.75 euros per no-par share entitled to profit.Expects 2016 sales at group level to be at 180 million euros to 190 million euros and earnings before interest and taxes (EBIT) at 8 million to 9 million euros.FY 2016 sales estimate 168.90 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT estimate 9.33 million euros - Thomson Reuters I/B/E/S.  Full Article

Ludwig Beck am Rathauseck Textilhaus Feldmeier confirms FY 2015 sales and EBIT guidance
Tuesday, 20 Oct 2015 02:00am EDT 

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG:Expects Q4 to yield additional impulses for a positive business development.Confirms its half-year forecast and expects annual sales to reach 158 million euros - 163 million euros in FY 2015.FY 2015 EBIT is expected to rise to 17 million euros - 19 million euros on account of acquisition of Wormland.FY 2015 EBIT estimate 17.97 million euros - Thomson Reuters I/B/E/S.  Full Article

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG raises FY 2015 outlook
Tuesday, 21 Jul 2015 02:02am EDT 

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG:Re-adjusted its sales expectancy for FY 2015 at group level.With acquisition of Wormland and pro rata temporis addition of resulting sales management is now expecting sales in amount of 158 million euros - 163 million euros for FY 2015.Especially on account of non-recurring effects EBIT is expected to rise to 17 million euros - 19 million euros for 2015.Previous goal for FY 2015 was to generate increase in consolidated sales between 2 pct and 4 pct, and EBIT of about 10 million euros.FY 2015 EBIT estimate 12.99 million euros - Thomson Reuters I/B/E/S.FY 2015 revenue estimate 111.06 million euros - Thomson Reuters I/B/E/S.  Full Article

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG acquires men's fashion store chain Wormland
Tuesday, 12 May 2015 06:52am EDT 

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG:Acquires men's fashion store chain Wormland.Parties agreed to keep purchase price secret.Forecast for FY 2015 has to be adjusted.Expects sales in FY 2015 to increase by about 60 pct.FY 2015 anticipated earnings before interest and taxes (EBIT) are expected to rise considerably to about 17 million - 19 million euros (previously about 10 million euros).  Full Article

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG comments on FY 2015 outlook
Thursday, 23 Apr 2015 02:00am EDT 

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG:Goal for FY 2015 is to generate an increase in consolidated sales between 2 pct and 4 pct, and EBIT of about 10 million euros.FY 2015 EBIT estimate 10.16 million euros - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Ludwig Beck surpasses 2016 earnings forecast

* For weather-related reasons consumer reticence observed in Q3 of 2016 diminished in Q4 and christmas sales also surpassed expectations