Ad-hoc & press release. Archive
Ad-hoc notices. Archive. 2022
Sales Report as of 30 September 2022
Hamburg, 7 October 2022 – According to preliminary figures, the Bijou Brigitte Group generated sales of EUR 220.1 million in the first nine months of the current year. This represents an increase of 52.2% compared to the same period of the previous year (30 September 2021: EUR 144.6 million), which is also due to the lockdowns in Germany in the comparable period of 2021.
As of 30 September 2022, the store network comprised 905 stores (31 December 2021: 926 stores). The number of stores in the Bijou Brigitte Group at the close of 2022 is expected to be slightly lower than in the previous year.
Bijou Brigitte: Updated forecast for the 2022 financial year
Hamburg, 6 September 2022 – According to preliminary figures, the Bijou Brigitte Group achieved revenue of EUR 131.3 million in the first six months of the 2022 financial year (previous year: EUR 63.4 million). Group earnings before income taxes in the first half of 2022 amounted to EUR 11.7 million (previous year: EUR -27.2 million). The continued development of the Bijou Brigitte Group’s business in the 2022 financial year will be largely influenced by the development of inflation and purchasing power. New waves of coronavirus infections could result in renewed restrictions in the bricks-and-mortar retail trade; potential supply and staff shortages as well as the further course of the war in Ukraine and the associated impact on gas supplies could adversely affect business performance.
Assuming that none of these or other external disruptions affect the further course of business, revenue ranging from EUR 280.0 million to EUR 300.0 million could be achieved in the 2022 financial year (2021 financial year: EUR 216.0 million). Group earnings before income taxes could reach between EUR 20.0 million and EUR 35.0 million (2021 financial year: EUR 19.9 million) and inventories as of 31 December 2022 could be between EUR 53.0 million and EUR 63.0 million. Assuming that current and non-current liabilities remain slightly below the previous year’s level and no additional own shares are bought back, the Group expects an equity ratio of between 64.0% and 66.0% (2021: 60.0%). The investment volume in the 2022 financial year could be between EUR 3.0 million and EUR 8.0 million (2021: EUR 3.1 million). The company expects the number of stores in the Bijou Brigitte Group at the close of 2022 to be slightly lower than in the previous year (31 December 2021: 926 stores).
The full half-year financial report of Bijou Brigitte modische Accessoires AG will be published in mid-September 2022.
Group Earnings before taxes of Eur 11.7 million in first half of 2022
Hamburg, 12 August 2022 – According to preliminary figures, Bijou Brigitte achieved revenue of EUR 131.3 million in the first six months of the 2022 financial year (previous year: EUR 63.4 million). Group earnings before income taxes in the first half of 2022 amounted to EUR 11.7 million (previous year: EUR -27.2 million). Group earnings after income taxes increased to EUR 8.3 million (previous year: EUR -20.7 million).
The positive development of the Bijou Brigitte Group’s sales and profit in the first half of 2022 was due mainly to the increase in sales as a result of discontinued coronavirus prevention measures and to general cost savings.
As of 30 June 2022, the store network comprised 905 concessions (31 December 2021: 926).
The forecast for the 2022 financial year as a whole will be updated within the scope of the half-year financial report. The full half-year financial report of Bijou Brigitte modische Accessoires AG will be published in September 2022.
Bijou Brigitte records sales of Eur 131.4 million in the first half of 2022
Hamburg, Germany, 12 July 2022 – According to preliminary figures, the Bijou Brigitte Group generated sales of EUR 131.4 million in the first half of this year (previous year: EUR 63.5 million). This increase in sales of 107.0% is mostly due to the pandemic-related lockdown in the first quarter of the previous year.
The network was reduced by 21 stores in comparison to the end of last year.
The half-year financial report will be published in September 2022.
Bijou Brigitte earnings in 2021 and sales and earnings forecast for the 2022 financial year
Hamburg, Germany, 27 April 2022 – Group earnings before income taxes for the 2021 financial year amounted to EUR 19.9 million. Group earnings were corrected upwards by EUR 0.8 million compared to the preliminary unaudited figures from the ad hoc announcement published on 23 March 2022. This is a result of an adjustment regarding the deconsolidation of liquidated subsidiary Bijou Brigitte Limited, London/United Kingdom, as part of the audit of the annual financial statements. Net profit after taxes amounts to EUR 17.0 million.
The ongoing pandemic and the current and potential future restrictions associated with it will have an impact on the future net assets, financial position and results of operations of the Bijou Brigitte Group. Predicting the further course of the pandemic and the associated effects on the future business development of Bijou Brigitte is difficult for the current fiscal year. The development of the conflict between Russia and Ukraine and its impact on the financial markets and on trade in Europe and the world cannot be predicted at present. Therefore, the forecast for the Bijou Brigitte Group’s business development in the 2022 financial year was prepared under consideration of the following:
Assuming that the pandemic and the associated governmental measures to prevent the spread of the coronavirus end during the first half of the year, and that the Russia-Ukraine war results in no major economic upheavals, the Bijou Brigitte Group could achieve sales of between EUR 260.0 million and EUR 280.0 million in the 2022 financial year (2021 financial year: EUR 216.0 million). Group earnings before income taxes could reach between EUR 0 million and EUR 15.0 million (2021 financial year: EUR 19.9 million). Inventories as of 31 December 2022 could be between EUR 53.0 million and EUR 63.0 million. Assuming that current and non-current liabilities remain slightly below the previous year’s level and no additional own shares are bought back, the Group expects an equity ratio of between 63.0% and 65.0% (2021: 60.0%). The investment volume in the 2022 financial year could be between EUR 3.0 million and EUR 8.0 million (2021: EUR 3.1 million). The company expects the number of stores in the Bijou Brigitte Group at the close of 2022 to be slightly lower than in the previous year (31 December 2021: 926 stores).
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2021 financial year will be published on 30 April 2022. The Annual General Meeting is planned for 21 June 2022.
Q1 figures: Bijou Brigitte generates group sales of EUR 49.7 million
Hamburg, 12 April 2022 – In the first three months of the year, the preliminary sales numbers of the Bijou Brigitte Group were at EUR 49.7 million, EUR 29.9 million more than sales in the same quarter of the previous year (Q1 2021: EUR 19.8 million), however still 23.3% lower than the pre-crisis level (Q1 2019: EUR 64.8 million). The strong growth in sales is largely due to the long lockdowns in Germany in the comparable period of 2021.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2021 financial year will be published in April 2022. The Annual General Meeting is planned for 21 June 2022.
2021 financial year: preliminary group earnings
Hamburg, 23 March 2022 – According to preliminary and still unaudited figures, the Hamburg-based Bijou Brigitte Group generated profit before income taxes in the 2021 financial year of EUR 19.1 million (previous year: EUR –33,7 million). Net profit after taxes amounted to EUR 16.2 million in 2021, compared with EUR –31.0 million in the previous year.
This development is due in part to the increasing relaxation of coronavirus restrictions in different countries and the associated reopening of brick-and-mortar stores, and also in part to the approval and payment of interim aid III from the German government totalling EUR 20.4 million.
Because interim aid III, which was approved and paid in December 2021, has the condition that no profit or dividend payments can be made, the Management Board and Supervisory Board of Bijou Brigitte modische Accessoires AG will propose to the Annual General Meeting that the dividend payment be suspended once again for the 2021 financial year (previous year: EUR 0.00).
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2021 financial year will be published in April 2022. The Annual General Meeting is planned for 21 June 2022.
Bijou Brigitte: preliminary group sales of EUR 216 million
Hamburg, Germany, 20 January 2022 – According to preliminary figures, the Hamburg-based Bijou Brigitte Group generated sales of EUR 216 million in the 2021 financial year. Compared to the previous year, Group sales increased by 5.4% despite the lockdown, which lasted several months (previous year: EUR 205 million).
The store network was reduced by 64 locations to 926 in the 2021 financial year (previous year: 990).
Further information about Group earnings and the dividend proposal is due to be published in the second half of March.
Press releases. Archive. 2022
Annual General Meeting resolves to suspend dividend
Hamburg, 22 June 2022 – The Annual General Meeting of Bijou Brigitte modische Accessoires AG resolved yesterday to suspend the dividend for the previous financial year. The decision was recommended by the Management Board and Supervisory Board as per the regulations of the interim aid III granted in the amount of EUR 20.4 million.
The preliminary sales figures for the first half of 2022 will be published in July. Detailed business figures will follow in September in the half-year financial report.
Ad-hoc notices. Archive. 2021
Bijou Brigitte: Special effect due to interim aid III
Hamburg 28 December 2021 – Bijou Brigitte modische Accessoires AG will receive interim aid of around EUR 20.4 million in accordance with a provisional decision on an equitable payment by the federal government. The requested interim aid III was thus granted in full.
Bijou Brigitte: Sales report as of 30 September 2021
Hamburg, Germany, 19 October 2021 – Following a first half-year that suffered from the coronavirus pandemic (–23.4% compared with the first half-year of 2020), the Bijou Brigitte Group is pleased to announce that this third quarter has exceeded expectations. The gradual relaxation of coronavirus restrictions and improved consumer sentiment in general contributed to this development.
According to preliminary figures, the Bijou Brigitte Group generated sales of EUR 144.5 million in the first nine months of the current year. This represents a decline of 5.9% compared to the same period of the previous year (30 September 2020: EUR 153.5 million).
As of 30 September 2021, the store network comprised 933 stores (31 December 2020: 990 stores). At the close of 2021, the number of stores in the Bijou Brigitte Group will be lower than in the previous year.
If the fourth quarter continues without external disturbances, yearly sales could slightly exceed last year’s level.
Consolidated loss reduced in first half of 2021
Hamburg, Germany, 17 August 2021 – In the first half of 2021 the development of the Bijou Brigitte Group’s sales and profit was still significantly affected by the effects of the coronavirus pandemic. According to preliminary figures, Bijou Brigitte achieved revenue of EUR 63.4 million in the first six months of the 2021 financial year (previous year: EUR 82.8 million; –23.4%). Despite the decline in revenue of EUR 19.4 million compared to the same period of the previous year, the Group recorded a loss of EUR 27.2 million before income taxes in the first half of 2021 thanks to massive cost savings (previous year: loss of EUR 30.3 million). The preliminary net result after taxes was EUR –20.7 million, compared to EUR –25.1 million in the first half of 2020.
As of 30 June 2021, the store network comprised 954 concessions (31 December 2020: 990).
The Group will publish its half-year financial report in September 2021.
Bijou Brigitte records sales of EUR 63.5 million in the first half of 2021
Hamburg, Germany, 21 July 2021 – According to preliminary figures, the Bijou Brigitte Group generated sales of EUR 63.5 million in the first half of this year (previous year: EUR 82,9 million). This represents a year-on-year decline of 23.5% following a decline in sales of 63.0% in the first quarter compared to the same quarter of the previous year. The network was reduced by 36 stores in comparison with the end of last year.
The half-year financial report will be published in September 2021.
Q1 figures: Bijou Brigitte generates Group sales of EUR 19.8 million (–63%)
Hamburg, 9 April 2021 – The measures taken by governments to contain the coronavirus pandemic caused significant damage to the sales of the Bijou Brigitte Group in the first quarter of 2021. According to preliminary figures, sales in the first three months of the year came to EUR 19.8 million. This represents a decline of 63% compared to the same quarter of the previous year (Q1 2020: EUR 53.5 million).
2020 financial year:
Recommendation to suspend dividend payments
Hamburg, 26 March 2021 – The incidence-related closures intended to contain the coronavirus pandemic caused significant damage in the 2020 financial year and had an impact on Bijou Brigitte’s net assets, financial position and results of operations.
The level of uncertainty surrounding our brick-and-mortar stores, the economy and consumer sentiment is very high as a result of the pandemic.
Due to the extremely uncertain future outlook, the high consolidated annual loss in the 2020 financial year and to maintain liquidity, the Management and Supervisory Boards of Bijou Brigitte modische Accessoires AG have once again decided to recommend to the Annual General Meeting that dividend payments be suspended for the 2020 financial year (previous year: EUR 0.00).
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2020 financial year will be published in April 2021. The Annual General Meeting is planned for 17 June 2021.
2020 financial year: Group earnings before taxes of EUR –33.7 million
Hamburg, 23 March 2021 – According to preliminary and still unaudited figures, the Hamburg-based Bijou Brigitte Group suffered a loss before income taxes in the 2020 financial year for the first time in the company’s history. This loss amounted to EUR 33.7 million (previous year: profit of EUR 37.4 million). Earnings were therefore within the range of between EUR –30.0 million and EUR –40.0 million which was forecast in November 2020. Net profit after taxes amounted to EUR –31.0 million in 2020, compared with EUR 25.4 million in the previous year.
This dramatic development is a result of income losses of EUR 129 million (from EUR 334 million in 2019 to EUR 205 million in 2020) related to the measures taken by European governments to contain the coronavirus pandemic.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2020 financial year will be published in April 2021.
Bijou Brigitte: Preliminary Group sales of EUR 205 million
Hamburg, Germany, 15 January 2021 – According to preliminary figures, the Hamburg-based Bijou Brigitte Group generated sales of EUR 205 million in the 2020 financial year. Group sales therefore fell by 38.6% compared to the previous year (previous year: EUR 334 million). This decline is mainly due to the impact of state measures introduced in connection with the coronavirus pandemic. Group sales are within the range of EUR 200–210 million which was published in the updated sales forecast in November 2020.
The store network was reduced by 52 locations to 990 in the 2020 financial year (previous year: 1,042).
Further information about Group earnings and the dividend proposal is due to be published in the second half of March.
Press releases. Archive. 2021
Annual General Meeting resolves to suspend dividend
Hamburg, 17 June 2021 – The Annual General Meeting of Bijou Brigitte modische Accessoires AG resolved today to suspend the dividend for the previous financial year. This decision was recommended by the Management Board and the Supervisory Board to maintain the liquidity of the company in view of the effects of the continuing coronavirus crisis.
The sales figures for the first half of 2021 will be published in July. Detailed business figures will follow in September in the half-year financial report.
Ad-hoc notices. Archive. 2020
Bijou Brigitte: Sales forecast
Hamburg, Germany, 27 November 2020 – Bijou Brigitte’s course of business in the current year was predominantly affected by the measures taken by European governments in response to the coronavirus pandemic. The scenario laid out in the half-year financial report, in which the signs of recovery seen in the summer would continue and no new restrictions would be enacted, did not play out as hoped in the fall. Bijou Brigitte is adjusting its sales forecast as a result. For the 2020 financial year, the Group now expects sales of between EUR 200.0 million and EUR 210.0 million (2019 financial year: EUR 334.0 million). Concrete effects on the operating result are difficult to predict due to the numerous unforeseeable influencing factors. Bijou Brigitte continues to expect a preliminary loss of between EUR 30.0 million and EUR 40.0 million before income taxes for the 2020 financial year (2019 financial year: profit of EUR 37.4 million).
Consolidated loss of EUR 30.3 million in first half of 2020
Hamburg, Germany, 26 August 2020 – In the first half of 2020 the development of the Bijou Brigitte Group’s sales and profit was significantly affected by the measures taken by government to counteract the spread of the coronavirus. According to preliminary figures, Bijou Brigitte achieved revenue of EUR 82.8 million in the first six months of the 2020 financial year (previous year: EUR 149.3 million; –44.5 %). Despite the decline in revenue of EUR 66.5 million compared to the same period of the previous year, the Group recorded a loss of only EUR 30.3 million before income taxes in the first half of 2020 thanks to massive cost savings (previous year: profit of EUR 6.6 million). The preliminary net result after taxes was EUR –25.1 million, compared to EUR 3.7 million in the first half of 2019.
As of 30 June 2020, the store network comprised 1,028 concessions (31 December 2019: 1,042).
The Group will provide an adjusted sales and earnings forecast for the 2020 financial year as part of the half-year financial report, which will be published in September 2020.
Bijou Brigitte records sales of EUR 82.9 million in the first half of 2020
Hamburg, Germany, 14 July 2020 – The Bijou Brigitte Group generated sales of EUR 82.9 million in the first half of this year, according to preliminary figures (previous year: EUR 149.3 million; –44.5%). As a result of the measures taken by governments to counteract the spread of the coronavirus, since mid-March Bijou Brigitte has suffered a decline in sales compared with the same period of the previous year. The network was reduced by 14 stores in comparison with the end of last year.
The Group will confirm the sales and earnings forecast for the 2020 financial year as part of the half-year financial report, which will be published in September 2020.
Sales and earnings forecast for the 2020 financial year
Hamburg, 3 April 2020 – The spread of the coronavirus in Europe and the restrictions associated with it will have an impact on the future net assets and the financial and earnings position of Bijou Brigitte. In view of the current course of business and the possible further effects of the coronavirus, two scenarios for 2020 as a whole have been drawn up.
Assuming that the measures taken by governments to slow the spread of the coronavirus will last only until the end of May 2020; that sales in the following months will develop to the level of the previous year; and that appropriate savings potentials can be realised (rent, staff costs), the Bijou Brigitte Group anticipates in the best case sales of between EUR 260 million and EUR 275 million. For Group earnings before income taxes, a value of between EUR -12 million and EUR -2 million is expected. Assuming that current and non-current liabilities remain at the previous year’s level and no additional own shares are bought back, the Group expects an equity ratio of between 48% and 55%.
In the second scenario, it is assumed that the measures taken by governments and the resulting decline in sales of well over 90% compared with the same period last year will last longer than the end of May 2020. In this case, Bijou Brigitte anticipates that each passing month without fixed operating activities will reduce Group earnings before taxes by an additional EUR 12 million to a maximum of EUR 19.5 million. This will depend on the extent to which the running costs can be reduced.
The company expects the number of stores in the Bijou Brigitte Group to be lower than the previous year at the close of 2020.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2019 financial year will be published in April 2020.
2019 financial year: Proposed dividend of EUR 1.50 per share
Hamburg, 26 March 2020 – The global coronavirus pandemic and the restrictions on public life associated with it will have an impact on the future net assets and the financial and earnings position of Bijou Brigitte.
The duration of the pandemic and its impact on the economic development of the individual countries cannot be quantified at this time.
The magnitude of the impact largely depends on the duration of store closures in the affected countries.
Based on both the positive 2019 financial year and the unforeseeable impact of the coronavirus pandemic on future business, the Management Board and Supervisory Board have decided to propose to the Annual General Meeting (planned for 23 June 2020) that a dividend of EUR 1.50 per share be paid for the 2019 financial year (previous year: EUR 3.00). This proposal is subject to possible adjustments depending on the development of the coronavirus crisis.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2019 financial year will be published in April 2020.
Bijou Brigitte modische Accessoires AG ends share buy-back programme
Hamburg, 18 March 2020 – Bijou Brigitte modische Accessoires AG is ending the share buy-back programme launched on 27 June 2019 today in order to preserve the company’s liquidity. The measures taken by the government to counteract the spread of the coronavirus mean that the company’s branches will generate next to no sales, resulting in a considerable loss of income.
A total of 84,307 shares had been bought back under this buy-back programme by 17 March 2020 on the basis of the authorisation granted by the shareholders in the Annual General Meeting on 18 June 2019. Bijou Brigitte modische Accessoires AG holds a total of 401,142 treasury shares as of 17 March 2020. This represents 4.95% of Bijou Brigitte modische Accessoires AG’s share capital.
The share buy-back took place in accordance with Regulation (EU) 596/2014 of 16 April 2014 and the Delegated Regulation (EU) 2016/1052 of 8 March 2016. The purchase of the shares in Bijou Brigitte modische Accessoires AG was carried out on the stock exchange by an institution mandated by Bijou Brigitte modische Accessoires AG.
Information on these transactions has been published at www.group.bijou-brigitte.com/investor-relations.
Hamburg, 18 March 2020
Bijou Brigitte modische Accessoires AG
The Management Board
2019 financial year: Group earnings before taxes come to EUR 37.4 million
Hamburg, Germany, 18 March 2020 – The Hamburg-based Bijou Brigitte Group generated earnings before income taxes of EUR 37.4 million in the 2019 financial year (previous year: EUR 31.7 million). Earnings therefore exceeded the range of between EUR 25 million and EUR 32 million forecast in October, as was to be expected. Net profit after taxes amounted to EUR 25.4 million in 2019, compared with EUR 21.5 million in the previous year.
The Bijou Brigitte Group registered an 8.5% year-on-year increase in sales in the period from January to February 2020. The measures taken by governments to counteract the spread of the coronavirus mean that Bijou Brigitte’s sales are currently down by more than 90% as against the same period of the previous year while the company still has to cover a substantial portion of its costs, primarily for rent and staff. Profits are expected to fall as a result.
Bijou Brigitte modische Accessoires AG is ending the ongoing share buy-back programme with effect from the end of today in order to preserve the company’s liquidity.
The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2019 financial year will be published in April 2020.
Bijou Brigitte modische Accessoires AG ends share buy-back programme
Hamburg, 18 March 2020 – Bijou Brigitte modische Accessoires AG is ending the share buy-back programme launched on 27 June 2019 today in order to preserve the company’s liquidity. The measures taken by the government to counteract the spread of the coronavirus mean that the company’s branches will generate next to no sales, resulting in a considerable loss of income.
A total of 84,307 shares had been bought back under this buy-back programme by 17 March 2020 on the basis of the authorisation granted by the shareholders in the Annual General Meeting on 18 June 2019. Bijou Brigitte modische Accessoires AG holds a total of 401,142 treasury shares as of 17 March 2020. This represents 4.95% of Bijou Brigitte modische Accessoires AG’s share capital.
The share buy-back took place in accordance with Regulation (EU) 596/2014 of 16 April 2014 and the Delegated Regulation (EU) 2016/1052 of 8 March 2016. The purchase of the shares in Bijou Brigitte modische Accessoires AG was carried out on the stock exchange by an institution mandated by Bijou Brigitte modische Accessoires AG.
Information on these transactions has been published at www.group.bijou-brigitte.com/investor-relations.
Hamburg, 18 March 2020
Bijou Brigitte modische Accessoires AG
The Management Board
Press releases. Archive. 2020
Bijou Brigitte: Sales report as of 30 September 2020
Hamburg, Germany, 14 October 2020 – In the first half of 2020 the development of the Bijou Brigitte Group’s sales and profit was significantly affected by the measures taken by governments to counteract the spread of the coronavirus. Due to the reopening of stores and the slightly improved economic mood, some signs of recovery were recorded in the third quarter. However, these were recently counteracted by the renewed increase in coronavirus infections in Spain and Portugal, among other countries. The Bijou Brigitte Group recorded preliminary Group sales of EUR 153.5 million in the first three quarters of the 2020 financial year (30 September 2019: EUR 241.3 million; -36.4%).
As of 30 September 2020, the store network comprised 1,017 stores (31 December 2019: 1,042). The company expects the number of stores in the Bijou Brigitte Group at the close of 2020 to be moderately lower than in the previous year.
Q1 figures: Bijou Brigitte generates Group sales of EUR 53.5 million
Hamburg, 8 April 2020 – The Bijou Brigitte Group got off to a positive start in 2020, registering an 8.5% year-on-year increase in sales in the period from January to February 2020. As a result of the measures taken by governments to counteract the spread of the coronavirus, since mid-March Bijou Brigitte has suffered a decline in sales of more than 90% compared with the same period of the previous year. According to preliminary figures, the Group generated sales of EUR 53.5 million in the first quarter of 2020. Group sales fell by 17.5% compared to the previous year (Q1 2019: EUR 64.8 million).
Bijou Brigitte: Group sales of EUR 334 million
Hamburg, Germany, 9 January 2020 – The Hamburg-based Bijou Brigitte Group generated sales of EUR 334 million in the 2019 financial year. This represents a year-on-year increase of 3.7% (previous year: EUR 322 million). The sales forecast which was increased in October 2019 from EUR 325 million to EUR 333 million has therefore been slightly exceeded.
The store network was reduced by eight locations to 1,042 in the 2019 financial year (previous year: 1,050). Adjusted for store closures, all segments achieved an increase in sales.
Further information about Group earnings and the dividend proposal is due to be published in the second half of March.
Ad-hoc notices. Archive. 2019
Bijou Brigitte: Sales and earnings forecast to be exceeded
Hamburg, 23 December 2019 – Based on the successful development of the fourth quarter to date as well as the start of the Christmas business, the Management Board expects Bijou Brigitte Group sales to slightly exceed the forecast range for the 2019 financial year. Furthermore, earnings are expected to develop accordingly and to also lie above the forecast range.
In October, the Group raised its full-year forecast and predicted sales of between EUR 325 and EUR 333 million for the 2019 financial year (2018 financial year: EUR 321.6 million) and Group earnings before income taxes of between EUR 25 and EUR 32 million (2018 financial year: EUR 31.7 million).
As of 30 September 2019, the store network comprised 1,040 stores (31 December 2018: 1,050). The company expects the number of stores to remain at this level at the close of 2019.
Group sales for the 2019 financial year will be published in mid-January 2020.
Correction to ad hoc announcement dated 30.4.2019: Bijou Brigitte modische Accessoires AG ends share buy-back programme
Hamburg, 6 May 2019 – The second paragraph of the ad hoc announcement dated 30.4.2019, “Bijou Brigitte modische Accessoires AG ends share buy-back programme”, regrettably contained errors in the figures. The second paragraph should read:
“Bijou Brigitte modische Accessoires AG holds a total of 316,835 treasury shares as of 29 April 2019. This represents 3.91% of Bijou Brigitte modische Accessoires AG’s share capital.”
Information on these transactions has been published at www.group.bijou-brigitte.com/investor-relations.
Hamburg, 6 May 2019
Bijou Brigitte modische Accessoires AG ends share buy-back programme
Hamburg, 30 April 2019 – Bijou Brigitte modische Accessoires AG today ends the share buy-back programme launched on 7 September 2018 in respect of the forthcoming Annual General Meeting on 18 June 2019. A total of 101,951 shares were bought back with regard to this buy-back programme as of 29 April 2019, on the basis of the authorisation granted by the shareholders in the Annual General Meeting on 2 July 2014.
Bijou Brigitte modische Accessoires AG holds a total of 317,250 treasury shares as of 29 April 2019. This represents 3.92% of Bijou Brigitte modische Accessoires AG’s share capital.
The share buy-back took place in accordance with Regulation (EU) 596/2014 of 16 April 2014 and the Delegated Regulation (EU) 2016/1052 of 8 March 2016. The purchase of the shares in Bijou Brigitte modische Accessoires AG was carried out on the stock exchange by an institution mandated by Bijou Brigitte modische Accessoires AG.
Information on these transactions has been published at www.group.bijou-brigitte.com/investor-relations.
Sales and earnings forecast for the 2019 financial year
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.
2018 financial year: Group earnings before taxes come to EUR 31.7 million
Hamburg, Germany, 12 March 2019 – The Hamburg-based Bijou Brigitte Group generated earnings before income taxes of EUR 31.7 million in the 2018 financial year (previous year: EUR 32.7 million), according to preliminary figures. Earnings therefore exceeded the forecast range of between EUR 20 million and EUR 30 million. Net profit after taxes amounted to EUR 21.5 million in 2018, compared with EUR 21.7 million in the previous year.
The recommendation for a dividend payment will be announced at the end of March 2019. The consolidated and annual financial statements of Bijou Brigitte modische Accessoires AG for the 2018 financial year will be published in April 2019.
Bijou Brigitte: Group sales of EUR 322 million
Hamburg, Germany, 10 January 2019 – The Hamburg-based Bijou Brigitte Group generated sales of EUR 322 million in the 2018 financial year. Group sales fell by 1.5% compared to the previous year (previous year: EUR 327 million). This decline is primarily due to the lower number of branches. Group sales were therefore within the forecast range of EUR 315 million to EUR 330 million.
The store network was reduced by ten locations to 1,050 in the 2018 financial year (previous year: 1,060). Adjusted for store closures, the segments in Germany and Spain were able to maintain their sales levels, while Italy saw a slight increase in sales. Portugal and the “Other countries” segment recorded sales below the level of the previous year.
Further information about Group earnings and the dividend proposal is due to be published in the second half of March.
Press releases. Archive. 2019
Q1 figures: 2.3% increase in sales to EUR 64.8 million
Hamburg, 9 April 2019 – The Bijou Brigitte Group recorded a positive start to 2019, generating sales of EUR 64.8 million in the first quarter according to preliminary figures, up 2.3% on the previous year (Q1 2018: EUR 63.4 million).
Bijou Brigitte hereby confirms the full-year forecast for 2019. The Group is anticipating sales of between EUR 320 million and EUR 330 million.
Ad-hoc notices. Archive. 2018
Bijou Brigitte: Group sales of EUR 326 million
Hamburg, Germany, 9 January 2018 – The Hamburg-based Bijou Brigitte Group generated sales of EUR 326 million in the 2017 financial year. Group sales fell by 3.0% compared to the previous year (previous year: EUR 336 million). The reduced number of stores and weak fourth quarter had a significant impact. Group sales were therefore within the range of EUR 325 million to EUR 330 million forecast in November.
The store network was reduced by 36 locations to 1,060 in the 2017 financial year (previous year: 1,096). The German and Italian segments declined due to falling visitor numbers. Adjusted for store closures, Portugal showed an increase in sales, while sales in Spain remained stable. The “Other countries” segment recorded sales that were almost on a par with the previous year.
Further information about Group earnings and the dividend proposal is due to be published in the second half of March.
Press releases. Archive. 2018
Bijou Brigitte: Sales report as of 30 September 2018
Hamburg, Germany, 10 October 2018 – In the first three quarters of the 2018 financial year, the Bijou Brigitte Group generated Group sales of EUR 233.0 million (30 September 2017: EUR 237.1 million; -1.7%). This decline is primarily due to the lower number of branches. As of 30 September 2018, the store network comprised 1,045 concessions (31 December 2017: 1,060).