Brief: Bijou Brigitte Modische Accessoires Updates FY 2020 Forecast

Bijou Brigitte modische Accessoires AG

03/04/2020 13:14

April 3 (Reuters) - BIJOU BRIGITTE MODISCHE ACCESSOIRES AG
 BIJG.DE :
    * IF MEASURES AGAINST SPREAD OF CORONAVIRUS WILL ONLY LAST
UNTIL
END OF MAY 2020, EXPECTS SALES IN FOLLOWING MONTHS TO DEVELOP AT
PREVIOUS YEAR'S LEVEL
    * IF MEASURES AGAINST SPREAD OF CORONAVIRUS WILL ONLY LAST
UNTIL
END OF MAY 2020, EXPECTS SALES BETWEEN EUR 260 MILLION AND EUR
275 MILLION
    * IN SECOND SCENARIO, ASSUMES THAT MEASURES ADOPTED BY
GOVERNMENTS
WILL CONTINUE AFTER END OF MAY 2020, WITH ASSOCIATED DROP IN
SALES OF WELL OVER 90% YOY
    * NUMBER OF BRANCHES IN THE BIJOU BRIGITTE GROUP IS EXPECTED
TO BE
BELOW THE PREVIOUS YEAR'S LEVEL BY THE END OF 2020
    * IF MEASURES AGAINST SPREAD OF CORONAVIRUS WILL ONLY LAST
UNTIL
END OF MAY 2020, EXPECTS CONSOLIDATED EARNINGS BEFORE INCOME TAX
BETWEEN EUR -12 MILLION AND EUR -2 MILLION IN FY 2020
    * IN SECOND SCENARIO ANTICIPATES THAT 2020 CONSOLIDATED
PROFIT
BEFORE TAXES WILL DECREASE BY FURTHER EUR 12 MILLION TO A
MAXIMUM OF EUR 19.5 MILLION WITH EACH ADDITIONAL MONTH WITHOUT
STATIONARY BUSINESS
    * IN SECOND SCENARIO, MEASURES ADOPTED BY GOVERNMENTS WILL
BE
ASSOCIATED WITH DROP IN SALES OF WELL OVER 90% CONTINUED AFTER
END-MAY 2020

Source text for Eikon:  ID:nEQ1F4D2da 
Further company coverage:  BIJG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))