By  on October 9, 2012

BERLIN — Douglas Group net sales rose 1.7 percent to 3.44 billion euros, or $4.47 billion, in its fiscal year ended Sept. 30, according to preliminary results.

The Hagen, Germany-based company, whose activities include Douglas Perfumeries and retailers of confectionery, fashion, jewelry and books, also confirmed it would meet the low end of its previously forecast target for earnings before interest, taxes, depreciation and amortization, amounting to 200 million euros to 250 million euros, or $259.7 million to $324.7 million.

The company reiterated that it would likely not pay a dividend this year due to high expenses for the realignment of its foundering book chain Thalia.

RELATED STORY: Givaudan Q3 Sales Rise 14.4% >>

Group sales in Germany rose 2.7 percent to 2.32 billion euros, or $3.01 billion. On a like-for-like basis, they increased 2.3 percent.

International sales fell 0.3 percent (or by 2.1 percent in like-for-like terms), due to the sale of its perfumeries in Russia, which was finalized last year, as well as reticent consumers in some markets. Discounting the sale in Russia, Douglas Group’s revenues abroad rose 1.3 percent.

All dollar figures are calculated at average exchange for the 12-month period.

The company received a boost from online sales, which gained 13 percent and accounted for 7 percent of Douglas' overall business.

Additionally, the group's jewelry chain Christ, which has 210 German stores, posted a 9.6 percent revenues gain to 373 million euros, or $484.4 million, representing the largest sales uptick for any of the group's retail chains. On a like-for-like basis, Christ’s revenues grew 8.5 percent.

Douglas Perfumeries' 1,190 doors registered sales of 1.92 billion euros, or $2.49 billion, up 2.4 percent. Its 446 domestic perfumeries posed a 5.1 percent sales rise to 1.04 billion euros, or $1.35 billion. Abroad, revenues declined 0.5 percent to 883.4 million euros, or $1.15 billion. Performance lagged in Italy, Croatia, Portugal, Spain and Switzerland, while stores in Austria, Poland and Turkey grew their sales.

Douglas's 13-door fashion retailer AppelrathCüpper reported revenues declined 1.9 percent to 122.1 million euros, or $158.43 million. Sales at Thalia, which generated 14 percent of its revenues through its Web site, fell 2.1 percent to 915.1 million euros, or $1.19 billion.

Last month, Douglas Holding, Douglas Group's parent company, confirmed it was in voluntary takeover talks with investors.


To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus