Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Forecast
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LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
Munich, November 4, 2020 - Against the background of the effects of the COVID 19 pandemic, the Executive Board today decided to withdraw its sales and earnings forecast for the current financial year 2020. The most recent forecast was published as a Ad-hoc release on June 15, 2020 and was based on the assumption that there will be no renewed tightening of the official orders in connection with the "coronavirus".
Due to the strong increase in the dynamics of the COVID 19 pandemic in recent weeks, the additional measures recently adopted by the federal and state governments and the resulting considerable economic restrictions and uncertainty, it is no longer possible to maintain the forecast for the financial year 2020. The cancellation of this year's Christmas markets will have a particularly negative impact on the downtown area and retail trade.
Due to the uncertainty of the further development, it is also impossible to predict at the moment when a new forecast for the current financial year 2020 will be possible.
04-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
+49 (0)89 2 36 91-0
+49 (0)89 2 36 91-600
Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
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