Ad-hoc notices of the Bijou Brigitte Group.
Ad-hoc Archives 2015.
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04.11.2015
Sales and earnings forecast raised.
Hamburg, 4 November 2015 – Hamburg-based fashion jewellery company Bijou Brigitte achieved sales of EUR 238.3 million in the first three quarters of the 2015 financial year, 2.7% below the previous year’s figure of EUR 245.0 million.
As of 30 September 2015, the Group’s estimated earnings before income tax amounted to EUR 25.1 million (previous year: EUR 26.5 million).
The positive developments seen in the third quarter have led the Management Board to raise their full-year forecast. Considering the course of business to date, the Bijou Brigitte Group currently predicts sales between EUR 320 to EUR 330 million for the 2015 financial year, assuming that there are no further negative changes to the economic environment. For Group earnings before income taxes, a value of between EUR 35 million and EUR 40 million is expected. The imminent Christmas trade, which is highly significant for the sales trend in the fourth quarter, will play an important role in this result. Developments in the dollar exchange rate present a further uncertainty in the Bijou Brigitte Group earnings forecast.
Bijou Brigitte modische Accessoires AG's full interim financial report will be published on 5 November 2015.
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27.08.2015
Earnings before taxes of EUR 11.5 million in first half of 2015.
Hamburg, 27 August 2015 – Hamburg-based fashion jewellery company Bijou Brigitte achieved sales of EUR 149.2 million in the first half of the 2015 financial year, 4.5% below the previous year’s figure of EUR 156.3 million.
Group earnings before income taxes in the first half of 2015 amounted to EUR 11.5 million (previous year: EUR 12.2 million, -5.7%).
Considering the course of business to date in 2015 and assuming that the economy develops as predicted without negative non-recurring factors, the Bijou Brigitte Group confirms its current earnings forecast as follows: The Group is anticipating earnings before tax in the upper end of the guidance range of between EUR 20 and 30 million for the 2015 financial year.
Bijou Brigitte modische Accessoires AG’s full half-year financial report will be published today.
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25.03.2015
2014 financial year: Pre-tax earnings of EUR 40.7 million / Proposed dividend of EUR 3.00 per share.
Hamburg, Germany, 25 March 2015 – The Bijou Brigitte Group generated earnings before income taxes of EUR 40.7 million (previous year: EUR 43.8 million) with sales of EUR 335.1 million (previous year: EUR 356.3 million) in the 2014 financial year. This means that earnings were slightly above the forecast range. Net profit after taxes amounted to EUR 26.3 million, compared with EUR 28.1 million in the 2013 reporting year.
Bijou Brigitte continued to consolidate its store network in 2014 and had a total of 1,070 stores at the end of the year (previous year: 1,137). There were 39 new store openings and 106 closures. 45 stores were renovated during the year and feature the new layout design.
The Management Board and Supervisory Board will propose to the Annual General Meeting on 2 July 2015, subject to verification of the Group’s earnings by the auditors, that a dividend be paid for the 2014 financial year in the amount of EUR 3.00 per no-par-value share. Based on the closing price of EUR 50.66 at the end of 2014, this corresponds to a dividend yield of approximately 6%.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2014 financial year will be published on 29 April 2015.
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09.01.2015
Bijou Brigitte: Group sales of EUR 335 million.
Hamburg, 9 January 2015 – According to preliminary figures, Hamburg-based fashion jewellery company Bijou Brigitte achieved sales of EUR 335 million in the 2014 financial year, 5.9% down on the previous year’s figure of EUR 356 million.
In 2014, the Group took advantage of further exit opportunities in weaker markets and reduced the store network to 1,070 stores (previous year: 1,137). Altogether, Bijou Brigitte opened 39 stores.
Developments in sales were influenced by the ongoing downward trend in Southern Europe. The German segment was unable to match the success seen in the previous year and declined slightly. While the fall in sales in the Spanish segment progressively slowed down, the Portugal and Italy segments demonstrated a drop in sales caused by the crises. The “other countries” segment remained slightly behind expectations. Christmas trade was weaker than in the previous year, which also led to a shortfall against the sales forecast (-1.4%).
Further information about Group earnings and the dividend proposal is due to be published in the second half of March.
Ad-hoc Archives 2014.
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24.04.2014
Bijou Brigitte: Downturn in sales and earnings for first quarter.
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. -
27.03.2014
2013 financial year: Pre-tax earnings of EUR 43.8 million / Proposed dividend of EUR 3.50 per share.
Hamburg, Germany, 27 March 2014 – The Bijou Brigitte Group generated earnings before income taxes of EUR 43.8 million with sales of EUR 356.3 million in the 2013 financial year. The sales and the achieved result are thus within the Company’s forecast range. The consolidated net profit (after taxes) amounted to EUR 28.1 million, compared with EUR 39.2 million in the 2012 financial year.
Bijou Brigitte continued to optimise its network of stores in the past financial year, opening 41 stores and closing 70. Its international network therefore comprised 1,137 stores at the end of 2013 (previous year: 1,166). More than 140 locations were renovated and fitted with the new shop 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 2 July 2014 that a dividend be paid for the 2013 financial year in the amount of EUR 3.50 per no-par-value share. Based on the closing price of EUR 73.70 at the end of 2013, this corresponds to a dividend yield of 4.7 %.
On the whole, the Bijou Brigitte Group has got off to a cautious start in the first quarter of 2014. There was stable development in the business situation in Germany. Economic tensions have not yet eased in the segments of Spain, Italy and Portugal.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2013 financial year will be published on 25 April 2014.
Ad-hoc Archives 2013.
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20.03.2013
2012 financial year: Pre-tax earnings of EUR 54.5 million / Proposed dividend of EUR 5.50 per share.
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.
Ad-hoc Archives 2012.
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25.04.2012
Changes in the Supervisory Board of Bijou Brigitte modische Accessoires AG.
Hamburg, 25 April 2012 – Today, after serving nearly fourteen years on the supervisory board of Bijou Brigitte modische Accessoires AG, chairman Dr. Karl-Joachim Dreyer, announced to the company’s management board and supervisory board his decision to stand down from the supervisory board, for reasons of age, after this year’s annual shareholders’ meeting on 5 July 2012. At the same time the supervisory board nominates Dr. Friedhelm Steinberg, attorney-at-law and president of the Hanseatische Wertpapierbörse Hamburg, as a new member of this body.
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21.03.2012
Fiscal year 2011: Consolidated profit EUR 49.8 million / Proposed dividend distribution of EUR 5.50 per common share.
Hamburg, 21 March 2012 – In fiscal year 2011 Bijou Brigitte Group generated pre-tax earnings in the amount of EUR 75.1 million following EUR 84.7 million in the prior year. The group earnings after tax totalled EUR 49.8 million - following EUR 58.3 million in the prior year - and was thus slightly higher than expected.
With EUR 374.7 million, sales revenues in the 2011 fiscal year lay only slightly below the EUR 377.9 million of the prior year. The decline in sales in Spain and Portugal led to this development.
The number of shop locations increased by eight to meanwhile 1,175 in 22 countries.
The management board and supervisory board propose a dividend distribution in the amount of EUR 5.50 per common share for the 2011 fiscal year. This corresponds to a dividend return of some 7.5 % based on the annual closing share price for 2011. The dividend proposal will be submitted to the annual general meeting on 5 July 2012, subject to verification of the group result by the company’s auditors.
The first quarter of 2012 had a weaker start due to the overall economic conditions in Europe. Moreover the initial impact of the budget consolidation measures adopted by the new Italian government since the new year has become noticeable in Italy.
The consolidated financial statements of Bijou Brigitte modische Accessoire AG for the 2011 fiscal year will probably be published at the end of April. -
09.01.2012
Bijou Brigitte - Group sales revenue reaches to EUR 374 million.
Hamburg, 9 January 2012 – In the 2011 fiscal year Bijou Brigitte Group generated sales revenues of EUR 374 million, according to provisional calculations. This corresponds to a slight decline of 1% compared to the prior year (EUR 378 million). Like-for-like group sales declined by 4.8%. The change in sales revenues in the past fiscal year was again influenced by the difficult economic conditions prevailing in Spain and Portugal. As expected the Germany and Italy segment remained stable.
In 2011 the Hamburg costume jewellery group continued expansion of the international shop network. On 31 December 2011, there were 1,175 stores (prior year: 1,167) in the Bijou Brigitte Group. 60 stores were opened in the course of the year, while 52 were closed.
Given the development in sales revenue and taking the usual cost increases into account, Bijou Brigitte expects after tax earnings in the lower range between EUR 45 and 50 million for fiscal year 2011.
More information about group earnings as well as the dividend proposal will probably be published in the second half of March.
Ad-hoc Archives 2011.
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07.07.2011
Bijou Brigitte: Changes in the management board.
Hamburg, 7 July 2011 – In its meeting today, the supervisory board of Bijou Brigitte modische Accessoires AG appointed Jürgen Gödecke (47) deputy management board member effective 1 January 2012. As the third member of the board, he will be responsible for sales and distribution.
Since 1 January 2011, Jürgen Gödecke has been a sales director in the Bijou Brigitte Group. He has more than 30 years of experience in retailing. For the nine years prior to that he was manager at an international clothing retail firm. -
27.04.2011
Sales and earnings decline in the first quarter.
Hamburg, 27 April 2011 – The sales revenues of the Bijou Brigitte Group totalled EUR 76.2 million in the first quarter of 2011 compared to EUR 78.5 million in the first quarter of last year. After tax earnings totalled EUR 4.9 million (prior year: EUR 7.2 million). The main reason for the declining result was the 6.8 % decrease in like-for-like sales. General cost increases also influenced the result.
The continuing difficult economic situation in Spain and Portugal had a corresponding effect on Bijou Brigitte’s business development in the first quarter of 2011. Both countries together comprise about a quarter of the group’s stores. Along with the declining business development in Spain and Portugal, there was also a slight reduction in sales within the German and Italian segments. Moreover this year Easter business was in April this year, hence allocated to the second quarter.
More information about the first quarter of 2011 will be announced in the Interim Notice on 5 May 2011.
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21.03.2011
2010 fiscal year: Group profit totals EUR 58.3 million/ Stable dividend: Proposal for distribution of EUR 6.50 per common share.
Hamburg, 21 March 2011 – In the past fiscal year Bijou Brigitte group generated pre-tax earnings of EUR 84.7 million after earnings of EUR 108.9 million in fiscal year 2009. The after-tax earnings totalled EUR 58.3 million and lay EUR 17.1 million below the comparable prior year’s results (EUR 75.4 million). The decline in sales – esp. in southern Europe – was largely responsible for the earnings development.
In the 2010 fiscal year group revenues totalled EUR 377.9 million after EUR 390.1 million in the prior year (-3.1%); like for like sales revenues declined by 7.2% compared to the prior year. The number of shops increased from 1,125 to 1,167 in the course of continued expansion.
The management board and supervisory board propose to distribute a dividend in the amount of EUR 6.50 per common share and thus maintain the stable dividend level of the past four years. The proposal will be submitted to the AGM on 7 July 2011, subject to verification of the group’s earnings by the company’s auditors.
A continuation of the current revenue trend is expected for the first quarter of 2011, esp. since the business development in Spain and Portugal continues to decline.
The management board will present detailed information about the 2010 consolidated financial statements at the balance sheet press conference on 28 April 2011. -
10.01.2011
Bijou Brigitte – Group Sales at EUR 378 million.
Hamburg, 10 January 2011 – The Hamburg costume jewellery group generated sales of EUR 378 million in fiscal year 2010. Thus group sales lay 3.1 % below the EUR 390 million of last year. Like-for-like sales declined by 7.2 %.
In 2010 the group continued shop network expansion and expanded the shop network to 1,167 shops (prior year: 1,125). Bijou Brigitte opened a total of 77 shops; 35 were closed.
Sales development was influenced primarily by the continuing decline in Spain and Portugal.
The group expects lower earnings in the 2010 reporting year due to the sales development.
Publication of more information as to group earnings and the dividend proposal is expected in the second half of March. -
04.01.2011
Bijou Brigitte starts new share buyback programme.
Hamburg, 4 January 2011 – The Management Board of Bijou Brigitte modische Accessoires AG decided to initiate a further share buyback programme which was authorised at the general shareholders’ meeting on 15 July 2010. Between 4 January 2011 and expiration of the authorisation on 14 July 2014 Bijou Brigitte AG will buy back own shares in the amount of up to EUR 10,000,000.00 on the stock exchange. The repurchased shares may be used for any purpose specified in the authorisation resolution adopted at the general shareholders’ meeting on 15 July 2010.
The consideration to be paid for the share buyback (without incidental purchase expenses) must not exceed or fall below the relevant stock exchange price by more than 10 percent. With regard to the above-mentioned procedure, the relevant stock exchange price shall be the average most recently paid price of the five trading days prior to the purchase on the regulated market for the share at the stock exchange in Frankfurt/Main, Germany.
The share buyback programme will be executed by a financial institute commissioned by the company and will comply with the provisions of Commission Regulation (EC) No. 2273/2003 of 22 December 2003.
During the previous share buyback programmes (from 18 March 2008 until 5 August 2008 and from 1 September 2008 until 9 November 2009) Bijou Brigitte repurchased 212,284 shares for circa EUR 16 Mio. During the third share buyback programme (from 10 November 2009 until 31 December 2010) no shares were repurchased.
Ad-hoc Archives 2010.
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09.07.2010 - Financial and economic crisis burdens group sales of Bijou Brigitte.
Financial and economic crisis burdens group sales of Bijou Brigitte.
Hamburg, 9 July 2010 – The group sales revenues of the Hamburg costume jewellery retailer Bijou Brigitte declined by 1.0 % resp. EUR 1.7 million from EUR 176.1 million to EUR 174.4 million. Like for like sales were 5.4 % less (prior year: 4.0 %). The decisive factor for the decline in sales is Spain’s economic condition. In the group’s second largest market both the financial and economic crisis and reduced tourism have led to a burden on group sales. The group’s earnings and additional details will be announced in the semi-annual financial report at the end of August.
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28.04.2010 - Bijou Brigitte: The impact of the economic crisis burdens quarterly earnings.
Bijou Brigitte: The impact of the economic crisis burdens quarterly earnings.
Hamburg, 28 April 2010 – The Bijou Brigitte Group increased sales in the first quarter of 2010 by EUR 2.4 million or 3.2 % from EUR 76.1 million to EUR 78.5 million. Like-for-like sales declined by 2.0 %. The sales decline together with general cost increases has a negative impact on earnings. In comparison to the prior year after tax earnings declined by EUR 1.6 million from EUR 8.8 million to EUR 7.2 million. The epicentre of this negative development was Spain, which continued to suffer severely from the impact of the real estate and financial crisis in the first three months. The segment sales and segment result declined accordingly in Bijou Brigitte’s second largest market. The interest result continues significantly below the prior year’s level due to the low interest rates in the financial markets. In contrast the German and Italian markets have proven to be particularly stable.
More details regarding the first quarter will be announced in the interim notice on 10 May 2010.
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17.03.2010 - Bijou Brigitte Group profit for fiscal year 2009.
Bijou Brigitte: Group profit for fiscal year 2009 totals EUR 75.4 million.
Hamburg, 17 March 2010 – Bijou Brigitte Group generated group pre-tax earnings of EUR 108.9 million in 2009. This was 7.2 % less than the EUR 117.4 million of the prior year. Group after-tax earnings were EUR 75.4 million or EUR 7.1 million less than last year’s EUR 82.5 million. In fiscal year 2009, group sales increased by 3.8 % from EUR 375.7 million to EUR 390.1 million. This was the positive effect of international store expansion from 1,085 to 1,125. However, like-for-like sales were down 3.5 % compared to the prior year. The supervisory board and management board propose a dividend of EUR 6.50, at the same level as in the past three years. Due to the company’s solid liquidity a bonus of EUR 0.50 per common share is to be distributed. The dividend declaration—subject to verification of group earnings by the auditors—will be submitted for approval by the annual general meeting on 15 July 2010. Because of the impact of the extremely long winter throughout Europe, a slight decline in like-for-like sales is expected in the first quarter of 2010.
The executive management will present detailed information about the 2009 consolidated financial statements at the balance sheet press conference on 29 April 2010.
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08.01.2010 - Bijou Brigitte – Sales increase by 3.7 % in 2009.
Bijou Brigitte – Sales increase by 3.7 % in 2009.
Hamburg, 8 January 2010 – The Hamburg costume jewellery group Bijou Brigitte increased its group sales in fiscal year 2009 from EUR 376 million to EUR 390 million and thus generated a rise of 3.7 %. The growth in sales resulted from international expansion with 40 additional stores to a total of 1,125 outlets (prior year 1,085). Bijou Brigitte opened a total of 64 new stores while 24 stores were closed. Like for like sales were down 3.5 % compared to the prior year. Domestic sales in the German market as well as in Austria, Italy and the Netherlands stabilised in the course of the year and exhibited a positive development on average. In contrast sales figures were below those for the prior year in Spain, due to the impact of the financial crisis and in Eastern Europe due to the declining exchange rate. Bijou Brigitte expects after tax earnings for the 2009 reporting year to be slightly below that of the prior year.
More detailed information about group earnings and the dividend proposal will probably be published in the second half of March.
If you have any queries, please contact:
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Evelyn Elsholz, Investor Relations / Business Press
Tel.: +49 (0)40 606 093 250
Email: ir@bijou-brigitte.com
wirtschaftspresse@bijou-brigitte.com