DGAP-Adhoc: Loewe AG: Preliminary figures for the first

Loewe AG / Quarter Results/Forecast

20.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Kronach, October 20, 2008  On a preliminary basis, earnings before
interest and taxes (EBIT) of the Loewe Group in the first nine months of
2008 rose to approximately EUR 20.5 million, reflecting a 58% increase
compared to EUR 13.0 million the first nine months of 2007. Sales in the
first nine months of 2008 rose year-on-year by 6% to approximately EUR
260.0 million. The value-based marketing of Loewe products as well as the
improved product mix caused the EBIT margin to increase significantly from
5.3% to 7.9% in the reporting period.

In the third quarter of 2008, Loewe continued to improve EBIT
significantly. EBIT improved by 24% from EUR 5.1 million to EUR 6.3
million, reflecting an EBIT margin of 7.9%, up from 5.7% in Q3 2007. In the
third quarter of 2008, Loewe's sales declined to approximately EUR 80
million, down by some 10% from EUR 89.4 million in Q3 2007. As anticipated,
the generally weaker summer months of July and August and the changed
seasonal business due to the UEFA Euro 2008 had a dampening effect on the
third quarter of 2008. In addition, the third quarter of 2007 was favored
by a number of product launches with retailers.

The Company's very positive earnings trend has prompted the Executive Board
of Loewe AG to raise its previous EBIT forecast of approximately EUR 24
million to now approximately EUR 28 million for the current fiscal year
2008. This is an improvement of 33% in comparison to EUR 21.1 million a
year earlier. Due to the lowered economic prospects in parts of Europe in
the wake of the current financial crisis and in order to systematically
implement its premium strategy and the associated improvement of the
margin, Loewe will in the future continue to focus on marketing its
individual products at stable prices and now anticipates that sales will
grow to EUR 380 million for 2008 as a whole.

Loewes report for the first to third quarters of 2008 with consolidated
figures and commentary will be published on Wednesday, November 5, 2008 as
announced.





Investor Relations, Axel Gentzsch 
Phone: +49 (0)9261 99.240
Fax: +49 (0)9261 99.994
Mobile: +49 (0)170 7667212
Email: axel.gentzsch@loewe.de


Public Relations, Dr. Roland Raithel
Phone: +49 (0)9261 99.217
Fax: +49 (0)9261 99.444
Mobile: +49 (0)171 2005476
Email: roland.raithel@loewe.de



DGAP 20.10.2008 
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Language:     English
Issuer:       Loewe AG
              Industriestrasse 11
              96317 Kronach
              Deutschland
Phone:        +49 (0)9261 99-984
Fax:          +49 (0)9261 99-994
E-mail:       ir@loewe.de
Internet:     www.loewe.de
ISIN:         DE0006494107
WKN:          649410
Indices:      Prime Standard
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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DGAP-Adhoc: Loewe AG: Preliminary figures for the first nine months of 2008 - EBIT forecast for 2008 increased to EUR 28 million / sales to grow to EUR 380 million
