The Hamburg-based fashion jewelry chain Bijou Brigitte fashionable accessories AG raised its sales and profit forecasts for the 2022 financial year sharply on Tuesday. At the same time, the company warned of numerous imponderables in the ad hoc announcement.
For the current year, the management now expects group sales of EUR 280 to 300 million after the original forecast published in April was EUR 260 to 280 million. In addition, the company is now targeting earnings before taxes in the range of EUR 20.0 to 35.0 million. The target corridor had previously been between 0.0 and 15.0 million euros. In the 2021 financial year, Bijou Brigitte had achieved group sales of EUR 216.0 million and a pre-tax profit of EUR 19.9 million.
However, the retailer also pointed to numerous risks. The development up to the end of the year will be “shaped to a large extent by the development of inflation and purchasing power”, the company announced. “New waves of corona infections and the associated renewed restrictions in stationary retail, possible supply and personnel bottlenecks as well as the further course of the war in Ukraine and the associated effects on the gas supply could have a negative impact on business development,” the statement said. The updated forecasts are subject to the proviso that “none of the aforementioned or other external disruptions affect the further course of business,” the group explained.
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