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.