Hamburg, Germany, 27 April 2022 – Group earnings before income taxes for the 2021 financial year amounted to EUR 19.9 million. Group earnings were corrected upwards by EUR 0.8 million compared to the preliminary unaudited figures from the ad hoc announcement published on 23 March 2022. This is a result of an adjustment regarding the deconsolidation of liquidated subsidiary Bijou Brigitte Limited, London/United Kingdom, as part of the audit of the annual financial statements. Net profit after taxes amounts to EUR 17.0 million.
The ongoing pandemic and the current and potential future restrictions associated with it will have an impact on the future net assets, financial position and results of operations of the Bijou Brigitte Group. Predicting the further course of the pandemic and the associated effects on the future business development of Bijou Brigitte is difficult for the current fiscal year. The development of the conflict between Russia and Ukraine and its impact on the financial markets and on trade in Europe and the world cannot be predicted at present. Therefore, the forecast for the Bijou Brigitte Group’s business development in the 2022 financial year was prepared under consideration of the following:
Assuming that the pandemic and the associated governmental measures to prevent the spread of the coronavirus end during the first half of the year, and that the Russia-Ukraine war results in no major economic upheavals, the Bijou Brigitte Group could achieve sales of between EUR 260.0 million and EUR 280.0 million in the 2022 financial year (2021 financial year: EUR 216.0 million). Group earnings before income taxes could reach between EUR 0 million and EUR 15.0 million (2021 financial year: EUR 19.9 million). Inventories as of 31 December 2022 could be between EUR 53.0 million and EUR 63.0 million. Assuming that current and non-current liabilities remain slightly below the previous year’s level and no additional own shares are bought back, the Group expects an equity ratio of between 63.0% and 65.0% (2021: 60.0%). The investment volume in the 2022 financial year could be between EUR 3.0 million and EUR 8.0 million (2021: EUR 3.1 million). The company expects the number of stores in the Bijou Brigitte Group at the close of 2022 to be slightly lower than in the previous year (31 December 2021: 926 stores).
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2021 financial year will be published on 30 April 2022. The Annual General Meeting is planned for 21 June 2022.
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