Fashion
Ludwig Beck reports gross sales of €25 mn in H1 FY20
23 Jul `20
1 min read
The Munich Fashion Group Ludwig Beck generated gross sales of €24.8 million in the first half (H1) fiscal 2020 that ended on June 30, 2020 compared to gross sales of €41.0 million in same period last year. With officially ordered lockdown, company’s all stores in Bavaria were closed from March 18, 2020, except for shops selling consumer goods.
The Munich Fashion Group Ludwig Beck generated gross sales of €24.8 million in the first half (H1) fiscal 2020 that ended on June 30, 2020 compared to gross sales of €41.0 million in same period last year. With officially ordered lockdown, company`s all stores in Bavaria were closed from March 18, 2020, except for shops selling consumer goods.#
With the decline in sales, company’s gross profit for H1 FY20 were €9.1 million (H1 FY19: €16.4million). Other operating income were €1.5 million (€1.6 million). Earnings before taxes for the period were loss making to €5.2 million (€0.5 million).
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