Loewe AG reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s sales amounted to EUR 43.5 million, as measured on a preliminary basis; this reflects a decline of 35% compared to EUR 66.6 million for the same period of the prior year, which, however, had been favored by the shutdown of analog satellite TV in Germany. The lower sales and production volume as well as capital spending on new products and marketing initiatives led to an EBIT loss for the company of EUR 9.9 million in the first quarter of 2013 compared to EBIT loss of EUR 0.9 million a year ago. Loss before taxes was EUR 11.6 compared to EUR 1.3 million a year ago. Loss attributable to shareholders of the company was EUR 11.5 or EUR 0.88 per basic and diluted share compared to EUR 0.9 million or EUR 0.08 per basic and diluted share a year ago. Net cash from operating activities was EUR 2.3 compared to EUR 12.8 million a year ago. Payments for purchases of intangible assets and property, plant and equipment was EUR 3.8 compared to EUR 3.5 million a year ago. The company provided earnings guidance for the fiscal year 2013. The company expects a decline in sales and an EBIT loss for the current 2013 fiscal year.

Dr. Rainer Hecker resigned as a member and Chairman of the Supervisory Board of Loewe AG with effect from the end of regular Supervisory Board meeting due to important reasons. Having been thanked for his many years of commitment and dedication, Dr. Hecker stepped down from the Loewe Supervisory Board on March 12, 2013, once the 2012 financial statements had been formally adopted. At the subsequent further meeting of the Loewe Supervisory Board, Michael Blatz was appointed as the committee's new Chairman.

Loewe AG reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported sales were €250,042,000 against €274,278,000 a year ago. LBIT was €28,959,000 against €10,463,000 a year go. Loss before tax was €32,675,000 against €12,772,000 a year ago. Loss after tax was €44,715,000 against €10,906,000 a year ago. Comprehensive loss attributable to shareholders of the company was €47,474,000 or €3.42 basic and diluted loss per share against €7,490,000 or €0.82 basic and diluted loss per share a year ago. Net cash used in operating activities was €13,529,000 against net cash provided by operating activities of €35,807,000 a year ago. Payments for purchase of intangible assets and property, plant and equipment was €24,619,000 against €16,718,000 a year ago. Payments for purchase of financial assets were €328,000 against €303,000 a year ago.