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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG withdraws sales and earnings forecast for the financial year 2020

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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Forecast
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG withdraws sales and earnings forecast for the financial year 2020

04-Nov-2020 / 13:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AD-HOC RELEASE according to Art. 17 MAR

LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
- ISIN DE000519990 -


LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG withdraws sales and earnings forecast for the financial year 2020

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.
 

Investor Relations:
LUDWIG BECK AG
Andre Deubel
t: +49 89 23691-745
f: +49 89 23691-600
andre.deubel@ludwigbeck.de

04-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

Marienplatz 11

80331 München

Germany

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:

Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

EQS News ID:

1145441


 

End of Announcement

DGAP News Service

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