Hamburg, Germany, 2 April 2019 – Considering the course of business to date, the Bijou Brigitte Group currently predicts sales of between EUR 320 million and EUR 330 million for the 2019 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 20 million and EUR 30 million is expected. Due to the new IFRS 16 accounting standard concerning how rental contracts are accounted for, the Group expects to see a non-recurring factor that will reduce earnings before income taxes by around EUR 3 million in the 2019 financial year. This effect has already been reflected in the forecast and will be balanced out again by a non-recurring factor with the opposite effect in the course of the years to follow.
The equity ratio is also affected by the new provisions resulting from IFRS 16, as the Group’s total assets will increase by around 65%. Assuming that current and non-current liabilities remain at the previous year’s level, the Group expects an equity ratio of between 45% and 52%. This will also be affected by the ongoing share buy-back programme.
The company expects the number of stores in the Group to be on a par with the previous year at the close of 2019 (1,050).
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2018 financial year will be published in April 2019.
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