Hamburg, 25 April 2014 – Sales in 2013 for the Hamburg-based fashion jewellery group Bijou Brigitte, at EUR 356.3 million, were only slightly below the previous year’s figures (EUR 360.8 million; -1.3 %), despite the reduced number of stores in comparison to the previous year. Bijou Brigitte did particularly well in its home German market in 2013, and recorded growth in both sales and earnings. The range of different measures to reinforce the brand and expand its market leadership was deployed to full and successful effect here. In contrast, the southern European segments recorded a further decline in revenue. The anticipated easing of the economic situation in this region did not come through last year. As of 31 December 2013 the international store network comprised 1,137 stores, compared to 1,166 at the end of 2012. There were 41 new store openings and 70 closures.

Group earnings before income taxes stood at EUR 43.8 million in the 2013 fiscal year (previous year: EUR 58.3 million) and thus within the range forecast by the company. The main factors in the movement in earnings – apart from the development in sales described above – were increased cost of materials and higher other operating expenses. After taxes, consolidated net profit came to EUR 28.1 million, as compared to EUR 39.2 million in the 2012 financial year. Earnings per share declined from EUR 4.98 to EUR 3.56.

The Management Board and Supervisory Board will propose to the Annual General Meeting on 2 July 2014 that a dividend of EUR 3.50 per no-par-value share be paid for the 2013 financial year. Based on the closing price of EUR 73.70 at the end of 2013, this corresponds to a dividend yield of 4.7%.

Bijou Brigitte placed increased emphasis on optimising its sites in the past financial year. Across Europe, more than 140 sites have been equipped with the newest store design concept. The store network in southern Europe has also been strengthened. “We will continue to invest in the modernisation of our stores and the expansion of our store network in our core markets in the current financial year – particularly in Germany,” commented Roland Werner, Chairman of the Management Board. “At the same time we will take advantages of any exit opportunities that present themselves in our weaker markets, and further optimise our store network. The number of stores in comparison to the previous year will accordingly go down.”

Sales declined in the first quarter of 2014 to EUR 69.3 million, as compared to EUR 73.3 million in the previous year. Apart from the continuing difficult economic situation in southern Europe, a further significant factor in the development of the business was the calendar effect, namely that the Easter business period fell in April this year, i.e. in the second quarter. For the coming financial year Bijou Brigitte is expecting sales of between EUR 340 and 350 million and Group earnings before income taxes of between EUR 30 and 40 million.

The complete consolidated financial statements and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2013 financial year were published on the company website at www.group.bijou-brigitte.com today. Further information on the business performance in the first quarter of 2014 will be published in an interim announcement on 8 May 2014.

FaLang translation system by Faboba