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German fashion retailer Ludwig Beck reports sluggish sales in the third quarter

German fashion retail group Ludwig Beck reported that total sales in the third quarter (third quarter), which ended on September 30, 2021, fell slightly from € 41.0 million in the previous quarter to 40.0 million. It’s 10,000 euros. total. Operating loss (EBIT) for the period shrank from € 5 million in the third quarter of 2010 to € 400,000 for the reporting period.

German fashion retail group Ludwig Beck reported a slight decrease in total sales in the third quarter of 2009 (Q3) of € 40.0 million compared to the corresponding quarterly sales of € 41.0 million in the previous fiscal year. became. Operating loss (EBIT) for the period shrank from € 5 million in the third quarter of 2010 to € 400,000 for the reporting period.

“The third quarter of 2021 continued to be dominated by the COVID-19 pandemic. In the summer of 2021, the Ifo Institute for Economic Research expected a significant economic recovery, but expected growth nine months later. We have lowered the rate by 0.8% because of the ongoing supply bottleneck caused by the COVID-19 pandemic, “the company said.

German fashion retail group Ludwig Beck reported a slight decrease in total sales in the third quarter of 2009 (Q3) of € 40.0 million compared to the corresponding quarterly sales of € 41.0 million in the previous fiscal year. became. Operating loss (EBIT) for the period shrank from € 5 million in the third quarter of 2010 to € 400,000 for the reporting period.

Gross profit for nine months increased to 15.2 million euros (14.8 million euros). Interest, taxes, depreciation and profit before amortization (EBITDA) increased to € 4.5 million (loss: € 400,000).

German fashion retail group Ludwig Beck reported a slight decrease in total sales in the third quarter of 2009 (Q3) of € 40.0 million compared to the corresponding quarterly sales of € 41.0 million in the previous fiscal year. became. Operating loss (EBIT) for the period shrank from € 5 million in the third quarter of 2010 to € 400,000 for the reporting period.

Sales in the textile sector improved only to € 27.7 million in the third quarter, while sales of non-textile products fell to € 12.3 million in the same period of 2020.

German fashion retail group Ludwig Beck reported a slight decrease in total sales in the third quarter of 2009 (Q3) of € 40.0 million compared to the corresponding quarterly sales of € 41.0 million in the previous fiscal year. became. Operating loss (EBIT) for the period shrank from € 5 million in the third quarter of 2010 to € 400,000 for the reporting period.

Ludwig Beck is cautiously positive about the fourth quarter, which is usually considered the strongest quarter, as COVID-19 restrictions have been relaxed and vaccination coverage has risen. In addition, according to the company, the announcement of the open Christmas market also gives them hope for a good business.

Fiber2Fashion News Desk (JL)



German fashion retailer Ludwig Beck reports sluggish sales in the third quarter

Source link German fashion retailer Ludwig Beck reports sluggish sales in the third quarter

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