The Munich retailer Ludwig Beck was able to continue to grow in the third quarter of the 2025 financial year despite persistently difficult conditions. In the period from July to September, gross sales reached 23.6 million euros, exceeding the previous year’s level of 23.0 million euros, the company said in an interim statement on Thursday.
“Despite all negative influencing factors, Ludwig Beck was able to benefit from the early cool temperatures, particularly in September, which gave autumn/winter business a positive impulse,” explained the management. “The Oktoberfest, which attracts numerous visitors from home and abroad to Munich every year, also led to increased customer frequency in the house.”
In the first nine months of the year, sales rose by almost two percent
In the first nine months of the current year, gross sales amounted to 61.4 million euros, which represented an increase of 1.9 percent compared to the same period last year. In the textile sector, gross revenues increased from 46.4 to 47.9 million euros, while in the non-textile sector they fell from 13.8 to 13.5 million euros. Net sales reached 51.6 million euros in the first three quarters, after being 50.7 million euros in the same period last year.
Thanks to sales growth and a slightly improved gross margin, earnings before interest, taxes, depreciation and amortization (EBITDA) increased from 5.4 to 5.6 million euros. However, the net loss rose from 1.0 to 2.0 million euros. In this context, the company referred to special factors: “In the previous year, the third quarter included deferred tax income of approximately 1.2 million euros, which was formed on the EBT of -1.8 million euros. The deferred taxes on loss carryforwards were adjusted in the 2024 annual financial statements based on updated forecasts,” it said in a statement.
Management sees the retailer on track after the first nine months of the current year. The company is “currently still within the earnings targets forecast for 2025,” explained Ludwig Beck. “The fourth quarter in particular, traditionally the period with the highest sales for the Munich fashion house, will have a decisive influence on the final annual results.”