Bijou Brigitte Modische Accessoires AG

Latest Results (03.05.2026):

Brief summary of Bijou Brigitte Modische Accessoires AG for Q2 / H1 2025 (reporting period 1 Jan–30 Jun 2025): Group sales rose 2.2% y/y to EUR 154.8m, EBIT/EBT remained stable at EUR 6.5m, and net profit was EUR 3.93m. The store network stood at 905 concessions (down from 913), cash declined to EUR 64.8m mainly due to a EUR 3.50/share dividend and share buy-backs, and the equity ratio eased to 54.7% — management reaffirms a stable going-concern view and provides revenue and EBIT guidance for full-year 2025.

Key financials

Sales: EUR 154.8m (+2.2% vs H1 2024). Earnings before taxes (EBT/EBIT): EUR 6.5m (flat y/y). Net profit after tax: EUR 3.93m (H1 2024: EUR 3.57m). Basic/diluted EPS: EUR 0.52 (H1 2024: 0.46).

Profitability & costs

Operating profit EUR 9.14m. Cost of materials improved to 20.4% of sales (from 22.0%) largely thanks to a favourable USD rate and price adjustments. Personnel costs rose modestly (+1.2%) despite wage increases. Financial result weakened to EUR –2.6m (lower interest income and FX valuation effects).

Regional sales performance

Germany: EUR 79.0m (–0.3%). Spain: EUR 16.6m (+1.7%). Italy: EUR 15.9m (+6.6%). France: EUR 13.3m (+6.5%). Portugal: EUR 3.3m (+3.1%). Other countries: EUR 26.7m (+5.6%).

Stores, concessions & omnichannel

Group store count 905 (31‑Dec‑2024: 913). In H1: 11 store openings, 19 closures; 42 new concessions and 53 concession closures. Management emphasises omnichannel build-up, social media, and concession/franchise expansion as priorities for H2 2025.

Cash flow, liquidity & financing

Cash and cash equivalents: EUR 64.8m (–20.8% vs 31‑Dec‑2024). Operating cash flow: EUR 26.1m (vs EUR 27.4m). Investing cash flow: EUR +10.3m (lower store investments, changes in financial assets). Financing cash flow: EUR –52.3m driven by dividend payment (net cash outflow ~EUR 26.23m) and share buy-backs (EUR 5.998m in H1).

Balance sheet & equity

Total assets EUR 375.6m (–8.6% vs 31‑Dec‑2024). Group equity EUR 205.6m (down from EUR 234.4m); equity ratio 54.7% (previously 57.0%). Treasury shares at 30 Jun 2025: 606,774 shares (7.49% of capital); cumulative cost of treasury shares EUR 31.82m. No bank loans; available overdrafts unused.

Outlook

Full-year 2025 guidance: revenue EUR 330–350m (2024: EUR 333.9m); Group earnings before taxes EUR 26–36m (2024: EUR 33.5m); inventories targeted EUR 75–85m; capex EUR 12–18m. Guidance assumes no major additional macro or geopolitical shocks; management sees the Group’s situation as stable.