Bijou Brigitte modische Accessoires (BIJ) H2 2025 earnings summary

Executive summary

• Consolidated revenue rose by 1.2% year-over-year to €338.0 million, within the forecast range, despite challenging consumer sentiment, especially in Germany.

• Pre-tax profit increased by 4.6% to €34.7 million, driven by higher sales and effective cost management, particularly in personnel and logistics.

• Net income after taxes reached €23.7 million, up 1.2% from the previous year.

• The company maintained a strong financial position with an equity ratio of 56.2% and high liquidity.

• A dividend of €6.00 per share (including a €2.50 special dividend) is proposed, reflecting a payout ratio of 205% and a yield of 14.5%.

Financial highlights

• Revenue: €338.0 million (+1.2% year-over-year); EBITDA: €91.5 million; EBIT: €40.0 million.

• Net income: €23.7 million; EPS: €3.14; cash flow from operations: €80.3 million.

• Equity: €224.6 million; equity ratio: 56.2%; cash and equivalents: €78.3 million.

• Dividend proposal: €6.00 per share (basis €3.50 + special €2.50).

• 904 stores in 19 countries at year-end, with 25 openings and 34 closures.

Outlook and guidance

• 2026 revenue expected between €330–350 million; pre-tax profit forecast at €25–35 million.

• Store count projected to slightly increase; investment volume planned at €7–12 million.

• Focus remains on profitable growth, omni-channel expansion, and cost control.

• Macroeconomic and geopolitical uncertainties, especially in the Middle East, could impact results.