Hamburg, 20 March 2013 – The Bijou Brigitte Group generated earnings before income taxes of EUR 54.5 million in the 2012 financial year. This put the result at the upper end of the company’s forecast. The consolidated net profit (after taxes) amounted to EUR 36.7 million, compared with EUR 49.8 million in the 2011 financial year.
The Hamburg-based fashion jewellery company’s revenue fell by 3.7% year on year, from EUR 374.7 million in 2011 to EUR 360.8 million in the year under review. In spite of this anticipated decline, the company fared well in a difficult economic environment, especially in southern Europe.
Bijou Brigitte continued to optimise its network of stores in the past financial year, opening 42 stores and closing 51. Its international network therefore comprised 1,166 stores at the end of 2012 (previous year: 1,175). Approximately 70 locations were renovated and fitted with the new store design.
Subject to verification of the Group’s earnings by the auditors, the Management Board and Supervisory Board will propose to the Annual General Meeting on 25 June 2013 that a dividend once again be paid for the 2012 financial year in the amount of EUR 5.50 per no-par-value share. Bijou Brigitte will therefore maintain its high dividend level. Based on the closing price of EUR 62.00 at the end of 2012, this corresponds to a dividend yield of approximately 8.9%.
On the whole, the Bijou Brigitte Group has got off to a good start in the first quarter of 2013. In particular, there were promising developments in the business situation in Germany. In contrast, the Spain and Portugal segments continue to be adversely affected by the tense economic situation in southern Europe.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2012 financial year will be published on 26 April 2013.