BERLIN— Douglas Group AG's net sales rose 1.8 percent to 1.95 billion euros, or $2.55 billion, in the first six months of its current financial year, showing improvements over the same prior-year period that was negatively impacted by restructuring costs linked to the group's Thalia book business.
Adjusted for currency effects, group revenues rose 1.6 percent.
For the six months ended March 31, the Hagen, Germany-based company, whose retail activities include Douglas Perfumeries, plus books jewelry, fashion and confectionery businesses, registered earnings before interest, taxes, depreciation and amortization (EBITDA) up 25.8 percent to 180.7 million euros, or $236.5 million. The EBITDA margin was 9.3 percent, versus 7.3 percent in the same prior-year period that was affected by Thalia restructuring costs, the company said.
All dollar figures are converted at average exchange for the period to which they refer.
Group domestic revenues grew 1.5 percent to 1.32 billion euros, or $1.73 billion, while international sales gained 2.3 percent to 633.7 million euros, or $829.3 million. Revenues abroad made up 32.5 percent of overall sales, while online revenues accounted for about 8 percent of company sales. Retail performance in the period was boosted by the earlier Easter holiday.
Douglas Perfumeries’ 1,174 doors generated revenues of 1.1 billion euros, or $1.44 billion, up 3.4 percent. The firm's 440 German perfumeries registered a sales rise of 4.2 percent to 601.7 million euros, or $787.4 million, while its 734 international shops’ revenues advanced 2.5 percent to 499.8 million euros, or $654 million. Positive developments were seen in Austria, Poland, Czech Republic, Romania, Turkey and the Baltic States, while sales dipped in Spain, Italy, Portugal and Croatia. Douglas Perfumeries’ EBITDA rose 4.8 percent to 117.2 million euros, or $153.4 million.
In the six-month period, Douglas Group invested 26.3 million euros, or $34.4 million, in new stores and store expansion, with efforts focusing on the perfumery sector. Fifteen new perfumeries were opened between October and March, primarily in international markets. At the same time, some doors in the perfumery and book divisions were shuttered.
Recovering somewhat from restructuring, Douglas Group's ailing Thalia book chain generated sales of 511.5 million euros, or $669.3 million, down 0.3 percent on-year.
"The current development is in line with our expectations," said Henning Kreke, president and chief executive officer of Douglas Holding, Douglas Group’s parent company.
Douglas also confirmed its forecast for the full fiscal year of a slight increase in sales and an EBITDA higher than that of the previous year.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)