The Munich trading group Ludwig Beck had to accept sales loss in the first quarter of the 2025 financial year and a higher loss. This emerges from current figures that the company presented on Thursday.
According to this, sales in January to March missed the corresponding level of the previous year by around 2.4 percent. The gross bare turnover dropped from 18.7 to 18.3 million euros. According to the company, the revenues in the textile sector reached the previous year at 14.2 million euros, while in the nontextile segment they gave up from 4.5 to 4.1 million. “The turnover reduced here, since in April 2024 important brands from OWN-Buy were switched to the concession concept, which were still fully included in the sales in the previous year,” explained the retailer. The net center turnover dropped from 15.7 to 15.4 million euros.
Although the group was able to improve its gross margin, the operational loss (EBIT) increased from 0.9 to 1.1 million euros. The bottom line was a net loss of 1.9 million euros, after a corresponding shortage of 1.1 million euros had been posted in the opening quarter of the previous year. According to a message, the increase in net loss was not least due to the fact that, unlike in the previous year, “no latent tax yields were formed in the current year”.