Bijou Brigitte modische Accessoires (BIJ) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was €153.4M, down 0.9% year-over-year; EBT rose to €14.4M from €6.9M due to lower material costs and a one-time gain.

• Net income increased to €8.8M from €4.2M year-over-year, reflecting improved operational efficiency and extraordinary income.

• The store network comprised 902 locations at period end, with a net reduction of 2 stores since December 2025.

Financial highlights

• Revenue declined slightly to €153.4M from €154.8M year-over-year.

• EBT more than doubled to €14.4M, driven by a €5M extraordinary gain in Germany.

• Net income rose to €8.8M (EPS: €1.18), up from €4.2M (EPS: €0.55) year-over-year.

• Cash flow from operations increased to €35.1M from €26.1M year-over-year.

• Equity ratio decreased to 51.7% from 56.2% due to a higher dividend payout.

Outlook and guidance

• Full-year EBT guidance raised by €5M to €30–40M due to the legal settlement; revenue expected between €330M and €350M.

• Inventory at year-end forecasted at €72–82M; equity ratio expected between 52–55%.

• Market environment remains uncertain, with risks from geopolitics, energy prices, and consumer sentiment.