LUDWIG BECK closes a challenging 2019 financial year with sales at the previous year`s level
(WorldNews Europe)

Munich, March 26, 2020-In the 2019 financial year, Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) generated sales at the previous year`s level with its remaining business divisions. After the sale of the WORMLAND group division, LUDWIG BECK focused on the core business in the parent company at Marienplatz in Munich. Development of sales In the Fiscal Year 2019, LUDWIG BECK generated gross sales of EUR 95.3m (previous year: EUR 95.5m). Sales were in line with the management`s expectations of between EUR 94m and EUR 98m, which management had published for the continued operations after the sale of WORMLAND. In the "Textile" segment, the Group generated gross sales of EUR 68.0m (previous...