Hamburg, 24 April 2014 – The current financial year has started with a fall in sales for the Bijou Brigitte Group in the first quarter of 2014. Group sales came to EUR 69.3 million, compared with EUR 73.3 million in the same quarter of last year. Revenue again dipped markedly in the Spain, Italy and Portugal segments; and sales were slightly down in the Germany segment.

A significant factor in the performance in the first quarter of 2014, in addition to the continuing difficult economic situation in Southern Europe, is the calendar effect, namely that the Easter business period fell in April this year, i.e. in the second quarter. As a result of the development in sales outlined above, as well as general cost increases which disproportionately affected a first quarter that traditionally experiences weak sales, projected (on the basis of estimated inventory figures) Group earnings before taxes came to EUR -1.4 million (previous year: EUR +3.2 million).

Further information on the results for the first quarter of 2014 will be published in an interim announcement on 8 May 2014.

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