BERLIN — Based on preliminary figures, Douglas Perfumeries sales grew 13.8 percent in fiscal 2005-06 from Oct. 1, 2005, through last Sept. 30.
The 937 Douglas perfumeries generated sales of 1.56 billion euros, or $1.96 billion. All dollar figures are converted from the euro at current exchange rates. Douglas opened 65 doors in fiscal 2005-06, and on a like-for-like basis, sales rose by 3.4 percent.
In Germany, the 433 Douglas doors increased sales 4.3 percent (like-for-like by 1.9 percent), to $1.05 billion, or 838.5 million euros. Douglas, the perennial market leader in Germany, reported new merchandising initiatives, such as "Douglas Hair Design" salons in the larger Douglas stores and sharper profiling of its premium perfumeries, helped bolster market share.
The 504 Douglas perfumeries outside Germany increased sales by 27.4 percent (like-for-like by 5.4 percent) and now contribute 46.2 percent of total sales, up from 41.3 percent the previous year. The group noted that the Elytis stores in France were included in last year's sales figures only from July on, and that the Spanish and Portuguese subsidiaries were not fully consolidated until Oct. 1, 2005. Significant gains were posted in the Netherlands, Italy, Russia, Spain, Poland, Hungary and the Czech Republic. In May 2006, Douglas opened its first perfumery in Turkey and is now represented in 18 countries.
Douglas did not release profit figures, but said that based on "this respectable sales performance, we expect to reach our earnings goals as well." The Group had targeted a result from ordinary business activities of 125 million to 127 million euros, or $157 million to $159.5 million, for fiscal 2005/6.
The group, which includes book, jewelry, fashion and confectionery divisions, posted annual sales of 2.68 billion euros, or $3.37 billion, a gain of 10.8 percent. Like-for-like, this represents a rise of 2.3 percent. Douglas Holding AG will present its consolidated financial statement at its annual financial press conference in Düsseldorf on Jan. 17.
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