By  on August 8, 2012

BERLIN — Hit by restructuring costs for its Thalia book arm, Douglas Group posted a third-quarter net loss of 9.8 million euros, or $12.6 million, against a net gain of 3.3 million euros, or $4.7 million, in the same period a year ago.

Sales for the Hagen, Germany-based firm — whose activities include Douglas Perfumeries and retailers of confectionary, fashion, jewelry and books — were up 0.5 percent to 746.5 million euros, or $959 million, in the three months ended June 30. On a like-for-like basis, revenues were down 1.8 percent. Adjusted earnings before interest, taxes, depreciation and amortization fell 29.2 percent to 24.2 million euros, or $31.1 million.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus