Ludwig Beck's First Quarter 2025 Financial Overview

The Munich-based fashion group Ludwig Beck experienced a 2.4% decrease in sales in the first quarter of 2025 compared to the previous year. This decline was moderate compared to the overall industry drop of 5%, as reported by "TextilWirtschaft".

In the first quarter, gross merchandise sales decreased to €18.3 million from €18.7 million the previous year. The Textile segment maintained sales at €14.2 million, while the Nontextile segment saw a reduction to €4.1 million. Online sales in the Fashion segment grew, but the Beauty segment saw a decline due to price competition.

Despite lower sales, gross profit remained at €7 million, with the gross profit margin improving slightly to 45.6%. Operating expenses reached €8.1 million, leading to an EBIT of €-1.1 million. The equity ratio was 36.3%, and cash flow from operating activities was €-1.6 million.