By  on October 9, 2008

BERLIN — Douglas Group said Wednesday that annual revenues at its Perfumeries division were up 8.8 percent to 1.83 billion euros, or $2.75 billion at average exchange, citing preliminary figures for the fiscal year ended Sept. 30.
On a comparable-store basis, Douglas Perfumeries sales rose 3.1 percent.

International sales increased by 14.1 percent to 914.4 million euros, or $1.37 billion — a 4 percent rise on a same-space basis — and now account for 50 percent of Douglas’ turnover.

In its domestic market, Douglas reported a 4 percent sales gain, or 2.3 percent on a same-space basis.
Douglas opened 77 new stores outside of Germany, primarily in Poland, Spain and Italy, and launched operations in Bulgaria, Croatia and Romania.

There are now 726 locations outside of Germany, compared with 445 domestic stores. Douglas said the greatest gains were made in Poland, Holland, Russia, Italy and at its newly acquired Baltic stores, but added that sales in Spain suffered from a weak consumer environment in the second half of the year.

The Group, which also includes bookstore, jewelry, fashion and confectionery retail divisions, boosted sales 4.6 percent, or 1.8 percent on a same-store basis, to 3.1 billion euros, or $4.6 billion.

Group sales rose by 8.1 percent when adjusted for sales from last year of the Pohland and René Kern apparel retail businesses, which Douglas has divested. Its remaining 15 AppelrathCüpper fashion stores saw sales decline 8.3 percent during the fiscal year.

Douglas Group said that on the basis of the preliminary sales figures, its earnings forecast “remains just within reach.” The Group set a pretax profit target of about 150 million euros, or $205.2 million at current exchange.
The company plans to announce final figures Jan. 14.

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