BERLIN – Based on preliminary sales figures, the Douglas Group said its earnings forecast for fiscal 2007/08 “remains just within reach.” The group, which includes Douglas Perfumeries, as well as book, jewelry, fashion, and confectionary retail divisions, set a profit target before taxes of about 150 million euros.
Group sales rose 4.6 percent to $4.72 billion (3.14 billion euros). Adjusted for the divested Pohland and Rene Kern apparel retail businesses, group sales were up 8.1 percent. Dollar figures are converted from euros at an average exchange rate for the period.
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