LUDWIG BECK am Rathauseck Textilhaus Feldmeier AG

The company's capital structure is characterized by a high debt-to-equity ratio of 1.54, indicating a significant reliance on debt financing. Liquidity is constrained, as evidenced by a current ratio of 0.39, which is below the typical threshold for financial health. The negative net cash position after subtracting total debt further highlights the company's liquidity challenges.

Profitability metrics are weak, with a return on equity of -0.63% and a return on assets of -0.24%. These figures suggest the company is not generating returns that meet the cost of equity or assets, which is a concern in the competitive retail sector.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns and shifts in consumer demand.

Growth appears to be stagnant, with no operating income and a net loss of EUR 400,000. The absence of positive operating cash flow and the negative net income indicate a lack of momentum in revenue generation and cost control.

The company faces moderate liquidity risk, with a current ratio below 1 and a negative net cash position. While dilution risk is currently low, the high debt load and negative equity returns could pressure the company to issue additional shares in the future.

Recent filings and transcripts have not disclosed any material events that would significantly alter the company's financial trajectory. However, the absence of operating income and the negative net income suggest ongoing operational challenges.

Free cash flow surged 264.2% year-over-year to EUR 4.7 million, demonstrating significant improvement in cash generation capabilities.

Revenue grew at a 7.5% compound annual growth rate over four years, indicating consistent top-line expansion despite market volatility.

Long-term debt decreased to EUR 88.7 million, reflecting a deliberate strategy to reduce leverage and strengthen the balance sheet.

Net income recovered to EUR 120,000 from a loss of EUR 2.9 million, showing a return to profitability.

Gross profit remained stable at EUR 36.1 million, suggesting resilient pricing power and cost management in core operations.

Net margin of -2.6% ranks in the bottom quartile of the apparel cohort, signaling severe profitability challenges relative to peers.

Debt-to-equity ratio of 1.54 is significantly higher than the cohort median of 0.34, indicating excessive financial leverage and risk.

Return on equity of -0.6% falls in the bottom quartile, demonstrating poor capital efficiency compared to industry standards.

Net income CAGR of -57.4% over four years highlights a long-term deterioration in bottom-line performance and earnings stability.

Revenue €15.4M; Operating income -€1.1M.

• ▍Revenue €15.4M
• ▍Operating income -€1.1M
• ▍Net margin -11.7%

Revenue €22.6M.

• ▍Revenue €22.6M

Revenue €19.4M.

• ▍Revenue €19.4M

Revenue €15.6M; Operating income €0.00.

• ▍Revenue €15.6M
• ▍Operating income €0.00
• ▍Net margin -2.6%

Revenue €73.3M, +0,8% YoY; Operating income +11,0% YoY.

• ▍Revenue €73.3M, +0,8% YoY
• ▍Operating income +11,0% YoY
• ▍Net income −767,7% YoY
• ▍Free cash flow −68,2% YoY
• ▍Net margin -3.9%

Revenue €72.7M, +3,3% YoY; Operating income −36,7% YoY.

• ▍Revenue €72.7M, +3,3% YoY
• ▍Operating income −36,7% YoY
• ▍Net income −80,8% YoY
• ▍Free cash flow −34,6% YoY
• ▍Net margin 0.6%

Revenue €70.4M, +27,1% YoY; Operating income −26,1% YoY.

• ▍Revenue €70.4M, +27,1% YoY
• ▍Operating income −26,1% YoY
• ▍Net income −38,4% YoY
• ▍Free cash flow −10,7% YoY
• ▍Net margin 3.2%

Revenue €55.4M; Operating income €6.6M.

• ▍Revenue €55.4M
• ▍Operating income €6.6M
• ▍Net margin 6.6%