Ludwig Beck posts FY19 sales of €95.3 million

Fashion

31 Mar `20

2 min read

Ludwig Beck, a Munich Fashion Group, posted sales of €95.3 million in full fiscal 2019 that ended on December 31, 2019 compared to sales of €95.5 million in previous fiscal. In the textile segment, the group generated gross sales of €68.0 million compared to sales of €68.2 million in previous year. Gross profit in the year were €38.6 million.

Ludwig Beck, a Munich Fashion Group, posted sales of €95.3 million in full fiscal 2019 that ended on December 31, 2019 compared to sales of €95.5 million in previous fiscal. In the textile segment, the group generated gross sales of €68.0 million compared to sales of €68.2 million in previous year. Gross profit in the year were €38.6 million.#

In the nontextile segment, which includes the beauty online shop at ludwigbeck.de, sales of €27.3 million were reported.

Ludwig Beck, a Munich Fashion Group, posted sales of €95.3 million in full fiscal 2019 that ended on December 31, 2019 compared to sales of €95.5 million in previous fiscal. In the textile segment, the group generated gross sales of €68.0 million compared to sales of €68.2 million in previous year. Gross profit in the year were €38.6 million.#

In 2019, the company reported that the entire German textile retail trade was struggling with climatic uncertainties, which caused sales in the fourth quarter with the Christmas business to fall short of expectations due to the mild temperatures. Also, the company said that the pressure from textile e-commerce companies on stationary retail has increased further.

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