Brief: Ludwig Beck H1 Loss Of EUR 1.5 Mln

Ludwig Beck am Rathauseck Textilhaus Feldmeier AG

22/07/2021 07:19

July 22 (Reuters) - LUDWIG BECK AM RATHAUSECK TEXTILHAUS
FELDMEIER AG  ECKG.DE :
    * GROSS SALES OF EUR 20.2 MILLION IN FIRST HALF OF 2021
FISCAL
YEAR (PREVIOUS YEAR: EUR 24.8 MILLION)
    * SUFFERED SIGNIFICANT SALES LOSSES AGAIN DUE TO COVID-19
PANDEMIC
AND OFFICIALLY IMPOSED RESTRICTIONS
    * H1 NET GROSS PROFIT OF EUR 7.6 MILLION (PREVIOUS YEAR: EUR
9.1
MILLION)
    * LOSSES OF ALMOST 60% WERE RECORDED COMPARED TO 2019
    * H1 EARNINGS BEFORE INTEREST AND TAXES (EBIT) IMPROVED FROM
EUR
-4.0 MILLION TO EUR -1.0 MILLION
    * H1 EARNINGS AFTER TAXES AMOUNTED TO EUR -1.5 MILLION
(PREVIOUS
YEAR: EUR 3.3 MILLION)
    * SEES RENEWED CANCELLATION OF OKTOBERFEST AND RESULTING
LOSS OF
SALES AS ONE OF BIGGEST CHALLENGES
    * EXECUTIVE BOARD ASSUMES THAT PANDEMIC SITUATION WILL ONLY
EASE
SIGNIFICANTLY AFTER A NATIONWIDE VACCINATION

Source text for Eikon:  ID:nEQ9HWkMqa 
Further company coverage:  ECKG.DE 

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