Ludwig Beck AG provided earnings guidance for the year 2016. The company assumed group sales in 2016 would be between EUR 180 million and EUR 190 million with earnings before interest and taxes (EBIT) in the range of EUR 8 million to EUR 9 million. On the basis of the preliminary figures the company assumes that sales will be approx. EUR 174 million with EBIT in the range of EUR 4 million to EUR 5 million. Rather than annual sales of the company being between EUR 100 and 103 million and EBIT in the range of EUR 5 million to EUR 7 million, annual sales are now expected to be around EUR 97 million with an EBIT in the range of EUR 4 million to EUR 5 million.