Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Final Results/Dividend
09.03.2010 14:01
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Munich, March 9, 2010 - Today, the Executive Board of LUDWIG BECK AG (ISIN
DE0005199905) will present the consolidated financial statements for the
fiscal year 2009 at the annual balance sheet press conference.
The company improved branch-adjusted gross sales 1.8 % from EUR 101.9m to
EUR 103.7m. Earnings before taxes (EBT) came to EUR 6.4m in comparison to
last year's EUR 4.4m which corresponds to a 43.5 % increase.
This is the best result ever achieved in the corporate history of LUDWIG
BECK.
The EBT margin from net sales was 7.3 % and exceeded the expected 6.5 %
margin by 0.8 percentage points.
Consolidated net profit amounted to EUR 2.2m and went below last year's
level of EUR 2.7m. In this regard the special tax effect due to lapsed loss
carryforwards and ensuing write off of asset-side deferred taxes in the
amount of EUR 1.7m have to be taken into account.
Against the background of this record result, the Executive Board and
Supervisory Board of LUDWIG BECK AG decided to propose to the company's
General Meeting to distribute a dividend of EUR 0.35 per no-par share
entitled to dividend. This EUR 0.05 increase translates into 16.7 %
improvement.
With this step, the company once again sends a clear signal to its
investors. Even in the face of continuously challenging economic framework
conditions, LUDWIG BECK wants to share its business success with its
shareholders in a significant manner also in the future, without
constricting the group's financial leeway for further growth.
Investor Relations contact:
esVedra consulting GmbH
Metis Tarta-Steck
+49 89 28808 -133
mts@esvedragroup.com
09.03.2010 14:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Deutschland
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: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: LUDWIG BECK reports soaring results and dividend increase
| Source: EQS Group AG